GBA is at 5,600 /// we originally were at 4,800!! // Luckily MW gave me a chance to update after I missed a cycle or two. Deutsche Bank chief global strategist Bankim Chadha cut his S&P 500 (^GSPC) year-end target to 6,150 from a prior forecast of 7,000, which had been among the most bullish on Wall Street entering the year. The new target reflects about 14% upside from current levels. Chadha is now the 11th strategist tracked by Yahoo Finance to cut an S&P 500 target amid President Trump's tariff escalation.
Trump has raised the average tax on $3 trillion worth of imports from a low 2.5% when he took office to a hefty 27%. If import purchases stayed the same, that would be a tax hike on American businesses and consumers of more than $700 billion. But the tariffs on some imports, especially those from China, are so high that they'll distort markets and change the whole flow of products. Trump's tariff of 145% on most Chinese imports is so prohibitive that cargo ships aren't even docking because importers can't or won't pay such a high tax. If this goes on, the inevitable result will be shortages of clothing, electronics, pharmaceuticals, and many other products by summer or fall, along with higher prices for the stuff that passes through or avoids Trump's tariff dragnet. >>>>>>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<<<<<<<< About a week ago the CEO's of several large retailers met at the white house. And they Told Trump to expect... Empty Shelves<--- Exactly what we were warning of./ That is what got us this reprieve and that madman kicked out of the tariff talks...
Instead of spending time writing silly political posts that myself, the children, or the market in general don't give a flying f about... perhaps follow the story more when it comes to stocks you pimp. I read the transcript on this thing. What a clusterfuck. What is it you always say? "Thank you Stoney." <---? You really let us down on this one.
There's nothing like putting Stoney in place right back here on planet Earth. --->You're welcome readers. ________________________________________ STONEY!!!! I know you've said this thread is over like 2 dozen times.... But it IS time for a new one. Since we both agree on the soul redeeming properties of a garden, how's about: GBA Presents: "The Secret Garden" And yes I know it's a classic novel. But... if you want to be clever: GBA Presents: "The Garden Secret"---> (I like) Use one of those and we can follow up this Fall with: GBA Presents: ... "The Harvest"
That's the best question you've asked here at Trader of Elite. I too, have always wondered what the hell GBA stands for Mickey The