TRUMP IS ON THE VERGE OF WINNING THE CHINA TRADE WAR, YET AGAIN

Good news FUCKERS.

Our eminence is on the verge of yet another win, of largess magnitude. Words cannot express how overwhelmed I am with pure fucking joy — especially since I am long TZA. I expect to get zapped at the open. I do, however, have way more longs than just the 5% weighting in TZA. Plus, I have a mind to get right back into the swing of things, diving into the riskiest stocks with reckless abandon — begging for the Gods to ruin me.

Source: Bloomberg

The U.S. and China are close to a trade deal that could lift most or all U.S. tariffs as long as Beijing follows through on pledges ranging from better protecting intellectual-property rights to buying a significant amount of American products, two people familiar with the discussions said.

Chinese officials made clear in a series of negotiations with the U.S. in recent weeks that removing levies on $200 billion of Chinese goods quickly was necessary to finalize any deal, said the people, who weren’t authorized to talk publicly about the deliberations. That’s the amount the Trump administration imposed after China retaliated against the U.S.’s first salvo of $50 billion in tariffs that kicked off the eight-month trade war.

One of the remaining sticking points is whether the tariffs would be lifted immediately or over a period of time to allow the U.S. to monitor whether China is meeting its obligations, the people said. The U.S. wants to continue to wield the threat of tariffs as leverage to ensure China won’t renege on the deal, and only lift the duties fully when Beijing implemented all parts of the agreement.

My best guess — those two people would be Kudlow and Trump.

Dow futures are +115. I am long some NTLA — because the Druids love gene editing and CRISPR. I expect a huge run in CRISPR stocks soon. The chimeras aren’t going to make themselves, you know.