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
19,613 Blog Posts

Trump Would be ‘Perfectly Happy’ Slapping China with New Tariffs; Futures Rise

If you think you’ve got it all figured out for the week ahead, think again. Trump sent his lap dog out tonight to offer a foreshadowing of things to come.

In other news, China is killing America, more than ever, on the trade front. BTFO.

China said on Monday its overall trade surplus in May was $41.65 billion, significantly more than expected.
Economists polled by Reuters had expected China to post an overall trade surplus of $20.5 billion.

That trade surplus number is so ridiculous, I reserve the right to withhold my opinion on it.

Dow futures are +100. I have a few trades that I’ll be liquidating in the morning, both will be for profit. Perhaps I’ll dive back into gold on this dip — who the fuck knows? I am having my driveway sealed tomorrow, so that’ll be fun. After that, I expect more chicanery and things of that nature.

Trump is going to do something again, and soon. There is fucking crazy in the air — be on guard for it.

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One comment

  1. juice

    Trump is just trying to calm the market the fuck down and to reserve some up for his 2020 re-erection.

    The oranged-headed bloat is trying to steer the market ship to another term.

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