I did warn you about something milling in the bushes ahead of the Trump-Xi meeting. Not only that, Trump met with the retard from N. Korea — who is essentially a proxy for China. All of this means for higher stock prices and the complete and total decapitation of the shorts.
The shorts will be killed on the opening tick during tomorrows trade.
Trump said the meeting went as well as it could have, noting: “We are right back on track.” Chinese state-run news outlet Xinhua said the two leaders agreed to “to restart trade consultations between their countries on the basis of equality and mutual respect.”
Trump added the U.S. will ease restrictions on American companies from selling products to Huawei, a giant telecommunications company from China. The U.S. barred companies from selling to Huawei in May, citing national security concerns. The U.S. president also said China would “buy farm product.”
Reversing the Huawei ban could boost chipmaker shares like Skyworks Solutions, Qorvo and Micron Technology, all of which have revenue exposure to Huawei. Skyworks and Micron were both down at least 10% for 2019 through Friday’s close. Qorvo was down 16.9% year to date.
Investors anxiously awaited the meeting between Trump and Xi as they looked for clues on whether the world’s largest economies would resume trade negotiations or if the conflict would be prolonged.
You’d be dumb to bet against this sojourn into depravity. I believe June was the best June since 1938. How can you short stocks when all there is is upside surprises?
That being said, gold is getting hammered too — down 1%. This is reflation 101 and the top performing stocks will be tech, biotech and new IPOs. Got it? Tech, biotech, and new ipos. This means you flip the script on all of that shit you bought two weeks ago, get aggressive, and trust in the future of SAAS again — you fucking faggots.If you enjoy the content at iBankCoin, please follow us on Twitter