Apple (and everything else) green on Chinese trade signal

From “China says it has agreed with the US to cancel existing trade tariffs in phases” posted on CNBC overnight Thursday:

Gao Feng, a ministry spokesperson for China’s Commerce Ministry, said that both sides had agreed to simultaneously cancel some existing tariffs on one another’s goods, according to the country’s state broadcaster.

The ministry spokesperson said that both sides were closer to a so-called “phase one” trade agreement following constructive negotiations over the past two weeks.

One important condition for a limited trade agreement, Feng insisted, was that the U.S. and China must remove the same amount of charges at the same time.

Fresh hopes of a “phase one” trade agreement prompted U.S. stock index futures to rally Thursday morning, with Dow futures poised to open up more than 120 points.

My take: Here we go again.

4 Comments

  1. Gregg Thurman said:

    My take: Here we go again. Will Trump find a way to make this about him?

    And why not? He’s been blamed for everything bad to dare by a bunch of ignoramuses that completely ignore China’s transgressions of the past 30 years.

    Balance PED balance. You should know better.

    0
    November 7, 2019
  2. Michael Thompson said:

    Bear oh bear where did you go?

    Apple bears are getting laughably trampled. They were wrong then, they’re wrong now and they’ll always be wrong. We already had a vicious bear market, not only in Apple but the indices were all down about 20% or more from their highs until the Christmas Eve 2018 lows.

    We are in a new bull market and the DUMB bears are getting snuffed. “Bull Markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria.”- John Templeton.

    280 is the new 180. Investor sentiment was about as bad as it can be back in August when they were foisting their recession LIES (oh no, the inverted yield curve), trade LIES and regular Apple LIES. This bull market is being born on pessimism.

    2
    November 7, 2019
  3. Jerry W Doyle said:

    Apple stock price is on an upward trajectory; not for this week, not for this month, not for this Q1, but throughout 2020 with the roll-out of 5G, subsequent explosion of an all new generation 5G iPhone with associated pent-up consumer demand and an ever maturing Apple Services’ components driving increased revenues. Yes, there may be some transient market pull backs due to geo-political events and due to the vicissitudes of market conditions, but Apple stock price trajectory through 2020 marches well above the $300 price range.

    The current administration will introduce new legislation for additional tax cuts and for more deregulation to drive business and industry investments leading to continuing economic growth. DJT will do what is needed to “juice” the economy because as a business man (not a professional politician who never ran a company, or even worked in one) this president understands what is needed for continued economic growth.

    Let me just give one example of what deregulation has done to boost the economy in my geographic area. Young Bubbas who five years ago had no jobs or low paying jobs now are purchasing new pickup trucks and SUVs, building new homes with large lawns, and adding ATVs along with Zero Turn Mowers to mow their acreage. Their spouses are getting jobs in a multiplicity of industries from health care, energy and natural resources, education, agribusiness, communications & electronics, finance, insurance and real estate, and to a smaller degree in construction and transportation— all evolving from once what was a suppressive over regulatory environment.

    With disposable incomes, folk now are spending in the communities resulting in added incomes for mom & pops and small to mid-size businesses.

    Industries that the previous administration strangled into regulatory repression once again are vibrant and viable creating not only new jobs and vocational opportunities, but new construction for community college enlargement of curriculum programs to train next generations of workers to service these companies creating modern jobs in a revitalized economy once suppressed through an over regulatory and taxed environment.

    Before DJT, our area of the country was becoming similar to India where just to connect a dead end road to another major highway involving paved construction of 1 ½ miles was projected to take 11 years.

    2
    November 7, 2019

Leave a Reply