Seems that info is kinda' irrelevant, since the market is pricing in no progress at all. Seems Oct 30th is the more important date at this juncture in time (FOMC decision). As for the trade dates? I kept reading about Oct 15th as the date from what I remember. Then I saw a blurb about next week? *shrugs*
And here we are at round 2,984, remember just a few weeks ago everyone was cheering the fact the trade talks were going to resume in October and that they were ever so close to striking a deal. Even trump delayed imposing tariffs on some goods well fast forward and here is this morning's headline: POLITICS China is reportedly reluctant to agree to a broad US trade deal with talks set to restart PUBLISHED SUN, OCT 6 20195:00 PM EDT Emma Newburger@EMMA_NEWBURGER https://www.cnbc.com/2019/10/06/chi...-us-trade-deal-with-talks-set-to-restart.html
I was reading that its this week, but this back and fourth nonsense has got to stop. Enough is enough. It's been hundreds and hundreds of days and dozens of weeks and still nothing.. How about this being the final talks and if Nothing is agreed upon tariffs go into effect. Simple as that Enough of the bickering and the fu$king games. Let's just steamroll the movement of tariffs and be done with it . Let china do what they want and let the US do what they want. Simple as that. Who cares what the wallstreet impact will Be. Let wallstreet figure that out for themselves .
I trade technicals only so while news may effect the movement of price I do not base trading off of it.
Nothing has changed for me technically since Friday Notice where we have been in the parameters since then. 2959.5 on the upper And 2910 touch from Thursday's gap
Like I mentioned I'm leaning on a NO deal. Market will fall around 5% in a week...what will happen next is more talks of immediate rate cuts for November and December of at least another 50 basis points by year end...if markets really start to sell off like they did last December falling over 10% and 15%, which there is a good chance of happening, I believe trump will lift tariffs on China, however the tariffs he delayed until October 15th are still pending. If he delays those another few weeks or until the new year the market will once again move higher. So it's really a hard situation to figure out .one simple tweet about delaying October 15th tariff hike can send markets up 2% in a day..but enough is enough . This back and forth nonsense has got too end. Let this week be the final say. If no trade talks are situated and no deal is made apply the tariffs and move on. Enough of this bickering fu$king nonsense...
The Bern from these fools going back and forth like a bunch of rookies. Implement the fu$king tariffs and move on. Let wallstreet and the economy deal with what ever happens...so if we go into a recession so be it ..its called an economic cycle. Let the free market do what it has to do and stop the intervention. There will be no trade agreements. That's that. China is going to wear out trump as china is going to win this one no matter how long trump keeps raising tariffs. If anything I bet trump lowers or eliminates them. If he was really about tariffs he wouldn't have delayed the last bunch of hikes until October 15 which is next Tuesday..should be a very fun trading day next week. Mark your calendars!!!
Well, the next three days will be fun too. Powell dribble and FOMC minutes, and then the big trade talks Thu-Fri. Why is October always the stupid month?