Trump admits ‘second thoughts’ about trade war with China

[GrowleyMonster]

No surprise.

One day Trumpy acts tough on trade (well, at least a little), and the market has a down day. Next day he backs away and the market recovers. Rinse and repeat.

Wouldn't be surprised to see the Dow UP 600 on Monday.

I think the Dow will be up nicely Monday or Tuesday, and some sectors will be up a lot. As long as The Donald doesn't fire another salvo before we recover from the last one. This trade war thingie doesn't have to be a permanent market cataclysm. Business and the Economy will adjust and the tariffs will be the new normal.

And just because I know he will do it again eventually, I will have TVIX and SQQQ on speed dial. If I had bought heavy on either one as soon as the stuff hit the fan and the big indexes started sliding, I would have been like, "YEAH, BAYBEEEEE! HIT EM AGAIN!"

 

[trickshot]

China will just wait till there is a new president.

Exactly. Only about a year remains before elections, Trump is certain to lose if the economy tanks so there is absolutely zero incentive for China to compromise now, Xi is afterall, already president for life.

 

[SPX Blaster]

I think the SP500 will gap down Sunday open about 100 points. Cycle/price low in late Sep. or Oct.

https://tinyurl.com/y23rnrro

 

[Snuskpelle]

Trump massively weakens his position by letting the whole world know his mind without filtering. (Nothing new admittedly, this was just another great example.)

 

[SPX Blaster]

Trump massively weakens his position by letting the whole world know his mind without filtering. (Nothing new admittedly, this was just another great example.)

Trump reversed and said he regret not raising tariffs higher.

 

[Snuskpelle]

Certainly, I can't keep up with his reversals! Maybe it would be more accurate to say he has no position /sarcasm.

 

[KCalhoun]

I think the Dow will be up nicely Monday or Tuesday, and some sectors will be up a lot. As long as The Donald doesn't fire another salvo before we recover from the last one. This trade war thingie doesn't have to be a permanent market cataclysm. Business and the Economy will adjust and the tariffs will be the new normal.

And just because I know he will do it again eventually, I will have TVIX and SQQQ on speed dial. If I had bought heavy on either one as soon as the stuff hit the fan and the big indexes started sliding, I would have been like, "YEAH, BAYBEEEEE! HIT EM AGAIN!"

+1 TVIX I trade daily, SQQQ my other favorite inverse ... my biggest fomo is not letting swing trades in both run profitably for a long time, i take profits early in both w/trailing tight stops --- goal is to scale up size to 1k+ shares in both for longer-term swings if market loses 200sma and crashes

 

[destriero]

No surprise.

One day Trumpy acts tough on trade (well, at least a little), and the market has a down day. Next day he backs away and the market recovers. Rinse and repeat.

Wouldn't be surprised to see the Dow UP 600 on Monday.

Genius call, Bro. Perfect.

 

[KCalhoun]

tru dat, would come as no surprise .... someone's gotta create the 'trmp tweet trading app'

 

[JSOP]

“Might as well. Might as well. I have second thoughts about everything,” he said.

Trump made his comments as he headed off to breakfast with UK Prime Minister Boris Johnson at the start of the first full day of the G-7 Summit in France.

"Might as well"? "Second thoughts about everything"? That is NOT a statement about second thoughts. LOL Great quote by the media, as usual.

What is he doing in G-7 all of sudden? I thought US sat out on this G-7 and they had to invite Italy to join on an emergency basis? Otherwise it would become G-6? LOL