How do you trade this shit? You don’t. But what you can do is buy WKHS when Trump tweets about it. Shares jumped by more than 200% since this tweet yesterday.
GREAT NEWS FOR OHIO! Just spoke to Mary Barra, CEO of General Motors, who informed me that, subject to a UAW agreement etc., GM will be selling their beautiful Lordstown Plant to Workhorse, where they plan to build Electric Trucks. GM will also be spending $700,000,000 in Ohio…
— Donald J. Trump (@realDonaldTrump) May 8, 2019
We’ve got all sorts of SEC red flags going up and I know you’re tempted to sell something short — because all of a sudden the charts look bad. But remember, the charts look bad because Trump is editing them. They were looking fine before the recent trade war began again.
Here’s what we have this morning.
Nasdaq futs -80
Ten yr bonds yields sinking and a really fucked up inverted yield curve.
Europe down more than 1%
And WTI is off by 0.7%.
Look for WTI to firm up before the market bounces. I will most likely sell my SOXS and DRIP today — because I have no interest getting caught short into a rally that is bound to come by the author of this madness — President Trump.
For the record, I am for better trade deals with China. I only think the meddling in markets and the non-stop propaganda is hurtful for those trying to navigate the indices cleanly.
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Interesting that the Dems are positioning themselves to attack Trump from the hawkish side should a deal be struck. This may make a quick deal slightly less likely. https://www.cnbc.com/2019/05/06/schumer-urges-trump-to-hang-tough-after-china-trade-tariff-threat.html
Where do you stand on the important matter of the Roku CEO looking like a doofus?
Meant that question for Fly not as a reply to ferds post. That said, I welcome ferds take on the matter