This is what is going to happen.
You’re going to see futures lower on Monday and sell at the open. Then around 11am news will come out, the same news mind you, that Trump is really close to a deal with China. This news will spark a rally — you will chase said rally, and then we’ll fade into the bell. This circle of mistrust will continue and culminate until your brokerage accounts hit zero and you’re forced to divorce your wife, abandon your kids, and become a coal miner in the Congo.
While in the Congo, you’ll learn that the Trump administration finally etched out a deal, sending stocks soaring. You’ll fly back to the United States, reopen a brokerage account and go all in — only to immediately lose all of it after the Mueller report is leaked and it recommends the President be sent to an insane asylum.
“They are going to have to find a way to meet,” former U.S. Trade Representative Charlene Barshefsky told CNBC’s Martin Soong on Saturday at the China Development Forum in Beijing.
While talks to resolve their differences are ongoing, China and the United States remain far apart, with a lack of progress on forced technology transfers and the actual implementation of any deal.
These stories are as old as time. It’s merely human behavior vapidly displayed in real time, affecting the pricing of equities. When intermingled with the emotions of traders, if not in sync, it is a lethal combination.
If you want to extricate yourselves from this tomfoolery — listen to me now. Take 75% of your money and designate it for long term capital appreciation. Do it not and you’ll be scratching rocks in the Congo before you know it.If you enjoy the content at iBankCoin, please follow us on Twitter