I support what trump stands for but he's like the worst incarnation. I almost wish Hillary had been elected so the market would have catered.
As recently as last Friday (May 3, 2019), Trump said the U.S.-China trade deal was going along pretty well. Really? https://www.reuters.com/article/us-...deal-is-going-along-pretty-well-idUSKCN1S91T7
I hate the guy but this position is protectionist and see many democrats agreeing with it. I don't believe he's doing it for the good of the country either, but rather using it as a political tool, and the haphazard approach is not good for investors or the economy. I also think Hillary's centrism would've been better off in the long run. The volatility and crazy bull run would be lessened but wouldn't be riding on smoke either.
All you need is 500 Dow point reaction to anything China/tarriff related and the base gets the message that we are still ' gettin em'. This will remain a tool to sharpen and hone in 2020 IMO and, is low risk with a fed in tow.
Am I the only one having trouble believing Washington on these reports? Normally this would never be the case, but Washington is anything but normal now. On the plus side, looks like there's people that actually read negotiating this. https://www.nbcnews.com/business/ec...ed-nearly-all-aspects-u-s-trade-deal-n1003236 China reportedly backtracked on nearly all aspects of U.S. trade deal The 150-page trade document that had taken months to negotiate was sent back to Washington riddled with reversals by China that undermined core U.S. demands.
https://www.reuters.com/article/us-...-it-halfway-denies-backtracking-idUSKCN1SF0N3 As tariff hike looms, China asks U.S. to meet it halfway, denies backtracking When you believe the Chinese over this white house