iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
20,864 Blog Posts

Morning Poppers (Trade Wars Are Easy and Winnable Edition)

Interest rates are steady, dollar is weak, futures are +250 off their lows, and WTI and gold are higher. This has all of the trappings of a short squeeze. Pessimism was running high last night, after China ‘retaliated’ against US tariffs by targeting a whole $3b in industry. Meanwhile, Trump has replaced McMaster with an absolute devil of a person, John ‘Neocon’ Bolton. Trump supporters will say ‘Trump doesn’t listen to his advisors anyway”, in a serious way as if having a dictatorship is a good thing.

Moving on, I’m expecting markets to gyrate today, but ultimately prevail on the upside. Keep your eyes on crude, for it holds the secrets of the illuminati and what those fucking bastards are up to. Right now it smells of Iran.

Here’s a detailed look at China’s retaliatory tariffs (fruits, nuts, wine, steel).

And here are some other morning headlines.

Supervalu, grocery peers on watch amid reports that Target (TGT) & Kroger (KR) are said to be in talks to merge  (14.76)
Related: SFM, WMT, AMZN, NGVC, UNFI, WMK
Atlanta Fed President Raphael Bostic says inflation trending toward 2% target; says Fed ‘at or near’ goals; further rate hikes needed
GSV Capital prices $40 mln in aggregate principal amount of 4.75% Convertible Senior Notes due 2023  
Micron target raised to $100 at Rosenblatt following earnings, matching Street high
GoDaddy initiated with a Buy at Goldman; tgt $81 
Wix.com initiated with a Neutral at Goldman; tgt $93 
Occidental Petro upgraded to Buy from Hold at Deutsche Bank
Cisco Systems added to Conviction Buy List at Goldman 
Wynn Resorts announces issuance and sale of 5.3 mln shares of common stock; Stephen Wynn’s sale of 8.0 mln shares of common stock
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4 comments

  1. ferd

    Re gold, HMY hit and downgraded last fall, located where there’s political risk, but looking like a classic bottom on a daily …and especially a ten year weekly chart. Had some, just got more.

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  2. ferd

    There may be some division among the people in charge re war with Iran and the nuclear agreement. There were Sunday CFR-type talkers who were allows to state that we should keep the agreement and concentrate on N Korea and other things on our plate.

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  3. sarcrilege

    Trump’s administration is like a dating/hookup app. Keeps everybody’s hopes up. Pick and choose. Try them out. See if it clicks. Discard. Next. Swipe left for the NWO global communist/neomarxist filth. Or swipe right for the neocon zionist filth. Everybody gets a fair chance. Except those who voted for him.

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