As I keep saying China is going to win the trade war. And get ready as a consumer to spend thousands more a year on these tariff games. The Consumer is the one who is going lose out on these tariff hikes as companies pass the increases on to the consumer as always is the case!!!!!! China will retaliate with new tariffs on another $75 billion worth of U.S. goods, including autos. The tariffs will range between 5% and 10% and will be implemented in two batches on Sept. 1 and Dec. 15.
Yes sorry this morning he is talking. He will say some really great dovish stuff to prop markets higher!!
“If Powell is sufficiently dovish, then 10′s-2′s should widen out towards 5 basis points, and that should help stocks rally. Conversely, if Powell is not sufficiently dovish, 10s’-2′s will invert, likely notably, and in that case, if could get a bit ugly for stocks in the afternoon,” Tom Essaye, founder of The Sevens Report, said in a note.
Just as I said Dovish dovish and more dovish!!!!! Dow turns positive after Powell pledges to sustain the economic expansion PUBLISHED FRI, AUG 23 2019 2:20 AM EDTUPDATED MOMENTS AGO
Oh, I dunno', something along the lines of "I'm not going to tariff your wine. In fact, I was wrong about my spat with China, I'm gonna' cancel all tariffs in place because they're stupid. And I am announcing my trade deal with the UK and EU."