This is what we’re been building up to — a two hundred point rally into pagan Xmas. Literally nothing can stop us.
U.S. REACHES DEAL IN PRINCIPLE WITH CHINA, AWAITS TRUMP SIGNOFF
U.S. NEGOTIATORS HAVE TERMS OF PHASE-ONE DEAL FOR TRUMP
However, bonds yields are rising again and the 10yr is nearing 1.90%. If, in fact, it rises to 2.00%, I gurantee you stocks will get rocked. Listen to me now, watch it closely.
Other than that, smooth sailing into the New Year’s. The desire to fade this news and sell into it is palatable, but you’d be wrong. This is where you knuckled down and buy shit — the worst stocks known to mankind.
This is what I did today, so far, on a closing out basis.
SWAV +6%
(GTHX -3%)
PUMP +5.1%
I’ll likely buy 2 or 3 stocks into the bell.
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It’s too early for a deal (for bulls).
No idea what this means for Dec/Jan, but here’s the long game:
– Market already at ATH due to *rumors*. The Tariffs + rumor of their removal have been *great* for the market, which is higher than when the tariffs were initiated
– How can Trump juice the market in the future? No more tax bills, no more trade deals. Infrastructure rumors, maybe, but no infrastructure deal because no agreement (between Dems and Rep) on how to pay for it.
– Dems can’t attack a non-existant trade deal. However, a signed deal will have obvious weaknesses, no matter waht, as any deal is a compromise.
“Trump caved”,
“still no IP protection”
“no enforcement mechanism means China won’t buy from farmers”
“Waht did the tariffs actauly get us? tariffs hurt consumers with no advantages, lower sales for farmers”
Trump is an idiot with only short-term emotiaonl plays (“trade deal = good”) and no long term strategy. A trade deal now will mean no moemntum for Nov 2020. This will put the Democratic candidate in a stronger position. Dems will address the 1% tax advantages, which will be good for the us economy in the long term, but any tax increase will hurt the economy in the short term, so a stronger Dem is bad for the market (short-term).
Boeing needs to refund the 737 max purchasers and save the commercial brand if possible. Nobody wants it or ever will. How this has festered this long is beyond.