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
19,892 Blog Posts

Markets To Panic on Monday?

I’m still without internet, typing from my phone. For those just tuning in, I moved from NJ to N.C. on Thursday and still exhausted by the ordeal. Converting to a southern gentleman from a northern master is not for the faint of heart.

On Friday the president chimped out and publicly humiliated China. Let’s face it, something happened behind the scenes that pissed Trump off. This trade war will never get resolved.

Things to look for.

Sharply lower oil and copper prices that imply pressure on the Chinese economy. This is America’s last stance against China in an effort to preserve financial dominance. It had to be done, for the empire builders, and we’re just here along for the ride.

Markets did not panic on Friday, with JNK and HYG barely down. If bad credits get hit on Monday, watch out. But if I’m being honest, we’ll probably bounce back next week. The best tells will be in the Russell, oil, credits, yields and banks.

Back to unboxing

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7 comments

  1. cancel19

    Y’all, that’s what I think.

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  2. s.k.

    Fly, if a polite southern bell says bless your heart to you it’s not a compliment.

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  3. one-eighty

    I think you give Recession Man too much credit. He never reacts to anything because he never listens to anything except flattery.

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  4. trumpmeister

    The trade war firework hasn’t officially begun and China is already crumbling under Don might.

    My bet is that Trump will bring the house and slap another 15% tariff on Chinese products next month. It’s time to take a stand and tell all companies to gtfo unless they don’t want to make money in the biggest consumer base in the world.

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    • numbersgame

      So the patient, dictator for life, with a death grip on media, finacil, and governemetn levers is going to lose to a leader who has the backign of less than half his country, may be out in 2 years, and the impulse control of a toddler?

      We can agree that China may suffer more financially, but if anyone caves first, it will be Trump.

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