"We view today’s agreement as masking disagreements within the group and a potential start to the unraveling of the deal, with core-OPEC and Russia looking to increase production but Iran opposing such an increase." - Goldman
"Americans are largely blind to the war and financial crimes perpetuated in their name. Part of this is the result of indoctrination through propaganda media... Most don’t care Julian Assange is a dead man walking...They are unable to see the criminal state for what it is..."
"..if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!"
Markets appear willing to put yetserday's risk reversal behind as they close out the week, with futures rising to 12 points to 2,765 and just shy of session highs, while the Dow finally appears poised to end its losing streak.
"We are seeing a significant shift in the markets. The Fed was responsible for 1,000 rally points this cycle so we have to pay attention to what happens when the movie runs backwards."
If implemented, the total amount of tariffs the Trump administration has proposed on China would rise from around $500bn to nearly $800bn, or about 4 times the cumulative amount that had been proposed as of a month ago.
The Supreme Court just overturned a 1992 ruling (which had limited online tax collections), thus freeing states and local governments to start collecting billions of dollars in sales taxes from internet retailers that don’t currently charge tax to their customers.
The markets today are only focused on the growth side of things – deregulation, tax cuts, and fiscal stimulus. But the risk of tit-for-tat trade tariffs – on top of declining world trade volumes – is making a collapse in global earnings verylikely.
After 6 consecutive declines in the Dow Jones, the longest stretch since March 2017, and erasing all of 2018’s gains, the cash index is finally set for a rebound, trading some 130 points higher as the trade war panic fades, for now.
"After the trade war wobbles earlier this week, it feels like we’re on more or less an even keel this morning. What can possibly go wrong next? (Form an orderly queue to the right please)"
In a stunning escalation, President Trump has hit China with a potential double whammy as he directed the U.S. Trade Representative to identify $200 billion worth of China goods for additional 10% tariffs.