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$1.2 trillion in stock market value lost so far from trade war sell-off with more exp
I don't think Trump thought long and hard about the ramifications of the tariffs...
For one, there are some industries that the US just doesn't have the skill and manufacturing infrastructure to adequately compete with Chinese produced goods (Child car seats is one example). US companies have no other alternative but to produce certain goods in China in order to...dare I say! REMAIN IN BUSINESS...not even compete.
Average manufacturing job pays 12,400 US in China as opposed to 52,000+ in the US.
I am a fundamental trader and analyze import/export country data as well as retail sales for the majority of countries. The numbers are DOWN across the board month over month among almost all European economies except Sweden.
All near term hope depends on positive outcome (removal of most tariffs) at the G20 summit. Otherwise continue selling call options on securities you hold...hopefully someone will buy them.
Certainly big money prefers a capitalist-friendly president, but beyond that, it doesn't matter much. Markets want certainty. And to say that Bernanke, Yellen, and Powell (and the respective boards) have been far more influential in equity valuations than Clinton, Bush, Obama, or Trump, would be a massive understatement. The FOMC, BoJ, ECB, and all central banks wield so much more influence than any sitting leader of a country.
Yes uncertainty brings volatility. And of course volatility allows for bigger opportunities. My point was...The liberals and their Trump Derangement Syndrome have clouded their judgement. You can not let personal issues undermine your trading. If you would have only listened to the media for the last 3 years, you would be broke and wondering what the hell happened?
Its taking a world pandemic to bring it down! Even with that, Trumps still has more gains than Obama did in his first how many years (maybe 6?). Anyways, you obviously don't get it. I call truce. LOL
I heard from an orange source that it was all a democrat hoax. Markets were dropping because of democratic debates. Are the american public being gaslighted?
Covid-19 not called a pandemic yet. Check your fake news sources.
The last pandemic per WHO was H1N1 Swine flu which was from April 2009 to August of 2010. Here is what the markets did then. Why didnt the markets drop then?
While Obama was in office for 8 years, Nasdaq went up roughly 3750 points. Even with the recent fall in the markets, Nasdaq has went up 3500 points in 3.5 years under Trump.
Market Cap has increased at twice the speed of Obama's and is already at Obama's full 8 year gain.
Granted it was a little before the Pandemic... I'm sorry, I mean the public hysteria of a virus that seems to be almost, maybe, just a little like a pandemic?
@Skidboot, don't stress to much over this Trump stuff.. It will all be over with in about 5 years. LOL.
By the way, What do you call a Liberal with an IQ of 130?
I know it is hard for you to get it. NDX moving from under 1200 to over 5100 isnt same as moving from 5000 to 8500. You might as well say it did better in the last 3 years than since its inception. Understand your IQ well now! Do well!
Here is some math for you -
1200 to 5100 = increase of 325%
5100 to 8500 = increase of 66%
since it is not easy to understand, 325 is approximately 5 times higher than 66.
Can't contain myself! LOL.
