As trade war looms, the US looks confident. China, not so much

[Feng Leng]

It's owned by Alibaba now. All articles would have been vetoed if they were deemed to be harmful to the image of China. The fact it got published proves it's view is moderated. Why would you wanna read circle-jerking article pieces all the time? It's good to have some pessimistic pov of the motherland.

I read about local Singaporean columnists airing his/her negative views about the government all the time, yet I don't feel they r less patriotic than I am.

SCMP is fake news because they pretend to be a Chinese newspaper, when it is not. Its owner, Alibaba, is a US-listed company. BABA is not under Jack Ma's personal control anymore.

 

[925boy]

I think some of us are making a critical assumption flaw- we assume this Trade war willonly be fought economically. I believe China will expand this trade wars into politics and other arenas if China feels she is being backed tightly into a corner. Countries(like people)will use ANY leverage they have. America probably has the economic leverage(we dont even know if US really intends to go the whole mile or is just doing partial bluff at least)but China also has other powerful cards to play. China is not a weak nation. Is America really ready to box? Its time to do deep analysis and not fall for surface/publicity crap. People who make threats are not always ready to actually followup on them. I am worried America has to commit more resources to enforce "judgements" on "rogue nations". Look at North Korea and Iran. Economic sanctions will not be enough to make them bend. only naive wishful thinkers will think otherwise. America is going to have to enforce militarily on these countries to get them to buckle, and is the US really ready for that? I hate misconceptions and falling for lies.

 

[Viva_Viet]

Dow surges more than 150 points in sudden move after Trump reportedly gets concessions from EU to avoid a trade war

• The major indexes surged in the last hour of trading after Dow Jones reported that the EU has agreed to import more U.S. soybeans.
• The Dow jumped to close more than 150 points higher while the Nasdaq posted a record close.

Fred Imbert | Alexandra Gibbs
Published 16 Hours Ago Updated 6 Hours AgoCNBC.com


Earnings red flags: The hurdle of higher costs 9 Hours Ago | 01:51
Stocks closed sharply higher on Wednesday after President Donald Trump reportedly obtained concessions from the European Union to avoid a trade war.

The Dow Jones Industrial Average rose 172.16 points to close at 25,414.10 after falling more than 100 points earlier in the session. The Nasdaq Composite jumped 1.2 percent to an all-time high of 7,932.24 as Google-parent Alphabet, Facebook and Amazon all jumped. The S&P 500 gained 0.9 percent to 2,846.07, closing less than 1 percent from its record high, as tech rose 1.5 percent.

Dow Jones reported, citing an EU official, that the EU has agreed to import more U.S. soybeans. Dow Jones also said the EU agreed to lowering tariffs on industrial goods.


Caterpillar jumped to close 1.8 percent higher on heavy volume following the report. Ford shares nearly went positive after falling as much as 4 percent earlier in the day.

The report comes as Trump met with European Commission President Jean-Claude Juncker to discuss trade issues.Trade relations between the U.S. and EU had been strained in recent months. In June, the U.S. president threatened tariffs on imported cars from the European Union. Last week, the EU’s Trade Commissioner Cecilia Malmstrom said that if the U.S. imposed these levies, it would be “very unfortunate,” and added that the bloc had prepared its own list of countermeasures.

Stocks also rose off their lows after a bipartisan group of Senators announced a bill that could potentially delay any auto tariffs implemented by the Trump administration. The bill would require "the International Trade Commission (ITC) to conduct a comprehensive study of the well-being, health, and vitality of the United States automotive industry before tariffs could be applied."

Both Boeing and General Motors reported better-than-expected quarterly earnings, but their full-year forecasts disappointed Wall Street. Boeing dropped 0.7 percent while General Motors fell 4.5 percent.

Boeing reaffirmed its 2018 earnings forecast while General Motors slashed its own estimates, citing "recent and significant increases in commodity costs" as well as currency headwinds for the cut.

https://www.cnbc.com/2018/07/25/us-stock-index-futures-bumper-earnings-in-focus.html
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EU has agreed to import more U.S. soybeans, so US famers will be OK while hundred million CNese will become jobless soon and have no money to buy food for their kids

 

[qwerrty]

so much confident.. so tired of winning..

Dow sinks below 23,000; Nasdaq flirts with a bear market; Oil in free fall
https://www.cnn.com/2018/12/20/investing/dow-jones-nasdaq-oil-prices/index.html

 

[hiseen]

so much confident.. so tired of winning..

Dow sinks below 23,000; Nasdaq flirts with a bear market; Oil in free fall
https://www.cnn.com/2018/12/20/investing/dow-jones-nasdaq-oil-prices/index.html

Back to 2017 from Mr. trump pressed a button.

F22 Think that the stock market represents victory, Actually, we don't pay attention to the stock market.

 

[bobsm]

so much confident.. so tired of winning..

Dow sinks below 23,000; Nasdaq flirts with a bear market; Oil in free fall
https://www.cnn.com/2018/12/20/investing/dow-jones-nasdaq-oil-prices/index.html

Markets Right Now: Stocks end miserable week down 7 percent
Associated Press 3h

Another day of big losses is leaving the U.S. stock market with its worst weekly drop in more than seven years.

The benchmark S&P 500 index ended a brutal week down 7 percent Friday, led by big drops in former market favorites like Facebook and Amazon.

Major U.S. indexes are now 16 to 26 percent below the peaks they reached in the summer and early fall.

Investors fear a recession is coming, and barring huge gains during the upcoming holiday period, when trading is usually quiet, this will be the worst December for stocks since the 1930s.

The S&P 500 fell 50 points, or 2.1 percent, to 2,416.

The Dow Jones Industrial Average fell 414 points, or 1.8 percent, 22,445. The Nasdaq fell 195 points, or 3 percent, to 6,332.

https://www.businessinsider.com/ap-...le-week-down-7-percent-2018-12?r=US&IR=T&IR=T

 

[qwerrty]

so much confidence today, 650 points wiped out and tomorrow could be another 600+ down. lol. great a again.. where is f-22 guy?

 

[IsaacNewton]

I got to say, US financial analyst are retards 80% of the time; they base all their predictions on ideas that come out of their ***, not on any proven methodologies.

The market is a mixture of statistics and emotion, when US stock was raising June - Sept despite trade war, while China was crashing, it was due to international investors pulling out of China, and dumping into US. This is mostly emotions rather than statistics.

When Amazon, Netflix, AMD jumped 2-3x in 1 year, despite not gaining that much in revenue and profit, these financial investors should be warning about imminent stock collapse.

Let's see, record deficit spending due to tax cut that is threatening the public sector,
record P/E ratio for S&P due to large corporate buy backs with the tax cut money, trade war with the largest US export market, continued conflict in Middle East and combative nature of US foreign policy that is threatening emerging markets in South America, Turkey, China, and politically unstable White House.

You don't need to be a genius to see an incoming stock collapse. US auto industry is on the verge of bankruptcy due to losing the Chinese market. Tesla's valuation is all horse shit, not based on hard statistics of revenue and profit, but a cult of personality of Musk, and the myth that they will be the largest automobile company in 20 years, US farmers are going bankrupt, US consumers are paying more for basic necessities due to trade war.

 

[S10]

Reading this thread is hilarious right now. So much market confidence in US that DOW is probably gonna be back to 20,000 level before the end of next year.

 

[ohmrlobalobayeh]

Reading this thread is hilarious right now. So much market confidence in US that DOW is probably gonna be back to 20,000 level before the end of next year.

Yes, keep it alive to ridicule @F22Raptor

 

[Sanchez]

I would support China quit the trade talks with the US. Let Trump's gang to play their cards and markets.

 

[Mohrenn]

2019 will probably be the year or the new great recession. Investors are prepared for it, it could happen anytime now. Xi Jinping is an intelligent leader, he already was vice president during last recession, he probably thought at lenght about what would be the best way to respond to the sudden instability and weakness of the US in case of a new recession. Let's sit back and wait for the crash to watch what he planned.

 

[casual]

Scary thing this time is the U.S. doesn't have any options left to deal with the next recession with the national deficit being at the level it's at and interest rate is at a low 2.25%. This might really be great depression level bad.

 

[Sanchez]

Americans are in delusion that they would win the trade war against China and EU for unfair custom taxes. US and China have been natural trading partners because China is the biggest market for US argricutural products as well as destination of hign tech products such as chips、aeroplanes、autos、luxuaries、machineries、and etc. However， US is imposing more restrictions on the tech export and simultaneously complaining trade deficit with China. My understanding is that US should buy less of rare metals or other things from China to reduce your deficit but not try to force China to buy more of your scum export.

US is what you are today in the world! Your Trump administration and its supporters are barbarians、thugs and delusional maniacs. You are worse than the new cons such as John McCain.

 

[Jlaw]

The US is so confident she would win the trade war that she demanded her dog Canada to kidnap a Chinese CFO. Now that's confidence