Posts: 7,100
Threads: 87
Joined: Feb 2019
Reputation:
27
A steel company based on US production might like steel tariffs, etc.
His use of tariffs as a "hammer" was abetted by Congress years ago. Congress in many ways has abdicated their "control" over legislation and given it to the Administration, and then they complain.
(06-10-2019, 07:44 AM)cincydawg Wrote: I can't discern Truth in this. Â Perhaps Mexico was already doing stuff. Â Perhaps they now are doing it faster. Â Perhaps this was just some fake and nothing changed.
Edit: Â The stock markets like the deal, probably just because they don't like tariffs and fell on the news back when. Â They are reacting to trade news and Fed news almost exclusively, it seems to me.
Tariffs are "baked" in. This deal will not affect the market much, if at all.
Posts: 2,174
Threads: 118
Joined: Feb 2019
Reputation:
19
(06-10-2019, 08:16 AM)cincydawg Wrote: A steel company based on US production might like steel tariffs, etc.
His use of tariffs as a "hammer" was abetted by Congress years ago. Â Congress in many ways has abdicated their "control" over legislation and given it to the Administration, and then they complain.
I agee congress has long ago abdicated it's power and responsibility to the presidency. No president should be able to single handedly cripple any industry with tariffs like this president has with the farming industry.
Posts: 7,100
Threads: 87
Joined: Feb 2019
Reputation:
27
https://www.cnbc.com/2019/06/09/dow-futu...riffs.html
Market watchers claim all this tariff news moves the markets, a lot, up or down, and the up and down moves seem coincident with news on tariffs (and the Fed).
Posts: 7,100
Threads: 87
Joined: Feb 2019
Reputation:
27
https://www.bloomberg.com/news/articles/...co-tariffs
On the one hand, we have various news sites connecting tariff news with market moves, last week and this, versus some unknown Internet "expert" who claims otherwise. I think I'll go with the news items, especially as the up and down moves do correlate with tariff news.
Posts: 5,810
Threads: 106
Joined: Feb 2019
Reputation:
25
(06-10-2019, 08:32 AM)cincydawg Wrote: https://www.cnbc.com/2019/06/09/dow-futu...riffs.html
Market watchers claim all this tariff news moves the markets, a lot, up or down, and the up and down moves seem coincident with news on tariffs (and the Fed).
 People who write the news or speak the news like to attribute news events to the market direction. It seems to me sometimes they are right, and other times they are just taking a guess as they can†t just say “we don†t know why the market is moving like it is today “.  Some days the Dow will drop 200 points for no apparent reason, but the news people always seem to have the reason. Â
JMHO.
Quote:Hard times make hard men.
Hard men make easy times.Â
Easy times make soft men.Â
Soft men make hard times.
I disagree with your go-to CNBC stories and your response is... to spew insults my way. FYI... it only reflects poorly on you.
Rhetorically speaking, I'm curious if you find it hard to hide the fact that you desperately need to be considered the smartest guy in the room.
Posts: 7,100
Threads: 87
Joined: Feb 2019
Reputation:
27
I'm insulting you? How? I merely cited some rather obvious reports on the Internet, which I find more credible than some anonymous Internet poster who claims to be an 'expert". Meanwhile, you post about me about me which is intended to be an insult I suppose, but isn't. You have no ability to insult me at all.
" I'm curious if you find it hard to hide the fact that you desperately need to be considered the smartest guy in the room."
Here is my Schwab market update this morning:
"U.S. stocks are adding to last week's sharp rally in early action, with the global markets getting a boost from eased trade worries as the U.S. and Mexico reached a migration agreement to avoid planned increased tariffs on Mexico. M&A is also dominating the headlines, with Dow member United Technologies and Raytheon Company announcing a merger agreement, while Salesforce.com reported an agreement to acquire Tableau Software for about $15.7 billion. Treasury yields are recovering from a recent plunge and the U.S. dollar is gaining ground. Crude oil prices are mixed following a tumble as of late and gold is giving back some of its rally. Asia finished higher and Europe is advancing."
If you disagree with widely spread opinion on this topic, that is your right of course, but you've provided NOTHING to back up your opinions.
Posts: 7,100
Threads: 87
Joined: Feb 2019
Reputation:
27
My own opinion is that if the Mexico tariffs had gone into effect, the markets would have turned down as a direct result.
If the China thing looks close, they will climb on that news, and if problems surface, the opposite will happen. This has been a pretty clear trend over the past few months, to me anyway.
Fed and tariff rumors. Maybe I am unduly influenced by all the "business writers" out there, and perhaps there is another explanation.
(06-10-2019, 09:11 AM)cincydawg Wrote: I'm insulting you? Â How?
There you go again, being obtuse. Watch the close Cinci... watch the close
EDIT: YoY jobs rose by 2.35M YET employment rose by 1.22M = 1.12M difference = 94k/month.
Something is clearly amiss as the discrepancies continue.
The payroll survey (aka establishment survey) is the headline JOBS number based on employer reporting.
The household survey is a phone survey conducted by the BLS.
(06-10-2019, 08:32 AM)cincydawg Wrote: https://www.cnbc.com/2019/06/09/dow-futu...riffs.html
Market watchers claim all this tariff news moves the markets, a lot, up or down, and the up and down moves seem coincident with news on tariffs (and the Fed).
What do your sources say when we can expect the Mexico tariff deal to move the market? I assume the move, when it commences, will be higher since the deal was unexpected good news.
|