Yep. We're going up. Things are spring loaded for any good news. The "experts" are all saying how important this next round of earnings will be, because most everyone will revise their estimates down. But here's the thing... those numbers are already figured out. And they are figured to a worst case scenario. The algo's at places like Citadel, Renaissance, Bridgewater... they recalculate everything on a level we cannot even fathom. I mean all the bad news is out there, and I doubt this uptick is a short squeeze of any kind. All the shorts have taken their profits, even the smartest ones who held on thru Friday and today. We're heading north barring any surprises. Capitulation is over.
the surprise is cheetos adds additional 50% china tariffs to 104%, xi will slap him again with 104%, april 10 is the day.
There is a possibilty of that. Right now however, it would appear whatever wildcards are programmed into their models are discounting that eventuality. Or, it might already be priced in, which means if it doesn't happen, then we really blast off.
China tried playing nice and bribing Trump's family in 2018 and they still got hit with tariffs. This time they're not gonna play nice, offer him money or anything. Beyond a 20-30% tariff, any increase is just theater. This trade war against everyone benefits China's objective of decoupling from the US and makes it harder for everybody else to decouple from China. 5D chess!!!
they priced wrong as always. check aapl price, it goes back to 2021 high, apple is a proxy of china exposure. tesla is the second