Trump’s China Tweet

Trump wrote on Twitter over the weekend that tariffs on $200 billion in Chinese goods could rise to 25%. He said that a 25% tariff will soon be assigned to a selection of $325 billion in presently untaxed goods.

The tweet sent the Dow Jones Industrial Average down sharply while the yield on the 10-year Treasury note dropped to 2.48% as investors flocked to the government-backed safe-haven. The 30-year Treasury yield — which mortgage rates are often pegged to — dropped to about 2.9%.

This was the classic flight to quality showing that the marketplace is still unsettled and remains brainwashed over trade and interest rates as factors that are important within the US share market. We are still in a consolidation pattern and that is not likely to come to an end until the ECM turns in 2020.

Latest Posts

Destroying the World Economy ASAP

The two positions in life that require ZERO experience are (1) politician and (2) becoming a parent. We often hear blaming foreign buyers in real estate for the rise in [...]
Read more

Dems Profiting on California Tragedy

Politicians never shy away from using a tragedy for personal gain. Democrats like Gavin Newsom and Elizabeth Warren have been caught stealing donations intended for California wildfire victims and funneling [...]
Read more

Macron Considers Sending Troops to Ukraine

Ukrainian President Volodymyr Zelensky and French President Emmanuel Macron have been collaborating on ideas to send French troops to Ukraine. “Today I spoke with the president of France. It was [...]
Read more

Roman Coins – Denarii

Many people have been asking if I can provide some coins to stimulate the interest of the youth. I will try to put some groups together. This denarii group ran [...]
Read more