
Tariff Delay Rumors Untrue: Agree or Disagree?
Markets added 100 points (Dow) on rumors Trump will delay tariff hikes of 25% for six months. Sounds too good to be true. Every day or every tweet is something different.
Tariff delay rumors untrue. Agree?
stephen mcmahon writes:
Every day it is a new tweet, or "anonymous source", or one of the three stooges (Kudlow/Mnuchin/Sanders) being rolled out to move the goal posts and drive markets in a particular direction. Never seen anything like this in the 30 years that I have been watching markets.
But just wait....one of these weekends when the market is closed, Trump will send out 60 tweets attacking EU leadership and labeling the EU as a manipulator ripping off the United States - to which we will wake up Sunday night with the market gapped down -2% again....and then by 10 am Monday, we will get the tweets about "what good friends they are, and the beautiful letter I just received from Angela Merkel" and then surprise, up we go again.
I'm convinced this is all concocted so White House insiders and their Wall Street cronies can make a fortune front-running all of this "news".
Disagree? A tariff delay will come.
Other notes:
The next G7 meeting will have Trump and Xi in talks directly. So why would there be tariff delays when the two sides have yet to agree on anything?
Tariff Delay Rumors Untrue: Agree or Disagree?
the right answer