For over a year now, every time the market says “oh trade war, things are going to fall apart” has been a buying opportunity, whereas every time there’s a Trump tweet with some blindingly optimistic prose like “Xi is a great friend, he is fantastic beautiful man, trade deal all but signed” it is a selling opportunity.
Yesterday the market looked hot. Today it’s on fire. I quickly sold out of that Seagate for about a 4% gain. I’ve been better at reading Trump than the Federal Reserve, so I don’t want to hang around for any surprise announcement tomorrow where the market craters if the Federal Reserve is the least bit reserved with their opium.
Today the ECB jawboned more rate cuts & QE to come, promptly nuking bond yields across the continent
Ahead of this week’s Fed meeting, Trump activated his own QE program by jumping on the bird to put out an APB
He continued to put pressure on the Federal Reserve
Asked in an interview with ABC News’s George Stephanopoulos about whether his criticism of Fed Chairman Jerome Powell could undercut Mr. Powell’s credibility, he said, “Yes, I do. But I’m gonna do it anyway.”
He also promised more goodies on the trade talks theme