RELAX — EVERYTHING IS FINE

About $200b in new tariffs will be affixed to cheaply made Chinese wares soon and that is causing people to sell their stocks. Please.

Get a hold of yourself, man. This is nothing more than a weigh station, en route of finer destinations.

The imposition of the $200 billion tranche would be the biggest so far and would mark a major escalation in the trade war between the world’s two largest economies. It is likely to further unnerve financial markets that have been concerned about the growing tensions.

China has threatened to retaliate by slapping duties on $60 billion of U.S. goods. The Trump administration is finalizing the list of Chinese targets and tariff rate, which could range from 10 percent to 25 percent, following six days of public hearings earlier this month.

Trump’s plan to bring down his biggest hit yet on China comes as two-way trade talks show little signs of progress. Discussions between U.S. and Chinese officials last week in Washington yielded few results, thwarting hopes for a quick deal.

Separately, Argentina raised their interest rates to 60% fucked.

All that aside, I took the opportunity to raise cash and book much deserved and hard fought profits. For the love of God, I was in this JG since August the 21st. I just sold it for a 60% gain. Additionally, I sold HUYA and IIPR for 0.6 and 6.5% gains, respectively.

Nothing stops me. I am now 28 for my last 31 trades, 50% cash, eagerly awaiting stupid people to do stupid things.