Re-Confirmed: The US is Winning the Economic War against the World

[TaiShang]

Update: After the ugliest day in years, things got uglier after-hours...

Dow futures are now down 1000 points...

And Nasdaq futures down 5%!!

This is the worst day for Nasdaq Futures since 2011...

China was "stable" overnight (but won't be when it opens tonight)...

In Italy, Ferrari and Pirelli plunged and were halted Limit-down... with China cracking down on luxury goods and broader auto fears...

EU and US Autos have plunged...

With Ford trading with an $8 handle at its lowest since Nov 2009

S&P longest losing streak since Nov 2016... Nasdaq down 4% worst day since Brexit...

Today is the fifth straight day of losses in the S&P 500. That's the longest streak of declines since President Trump was elected. Even the correction in the February and the retest in March didn't go in a straight line like this.

Dow drops over 800 points at its lows and appears to confirm the double top...

Tech stocks took in on the chin...

FANG was proper f++ked...

Equity market breadth is a disaster...

Homebuilders...

Autos...

And the real economics PhD - Dr. Lumber...

And finally, Credit markets are starting to get monkey-hammered...

Finally, we note that the Fear-and-Greed index has swung from the latter to the former in near record time...

https://www.zerohedge.com/news/2018...sparks-longest-sp-500-losing-streak-trump-era

@qwerrty , @+4vsgorillas-Apebane , @Chinese-Dragon , @Raphael , @TANAHH , @Nan Yang , @powastick , @Viva_Viet, @AndrewJin

 

[Fawadqasim1]

Good

 

[Skull and Bones]

Good scalping opportunity.

 

[shadows888]

you fool, this is what MAGA looks like, if you flip the charts upside down

 

[qwerrty]

lol. not surprised at all. the US stock market moving against logic for sometime now. every time trump announced tariffs on china, their stock market went up and that f-22 dude and vietnam bois posted threads here boasting how stronk amelika blabla china doomed...

 

[rambro]

It is easy to win he said

 

[jaybird]

Winning! I thought trade war only hurts Chinese side?

 

[Menthol]

I think USA economy need time for adjustment.

The trade war announcement is too quickly for the whole economy.

 

[powastick]

I don't read too much on the stock market, wall street could reflate it.

 

[AndrewJin]

At the same time, Murica's life expectancy continues to plummet.
Murices' healthy life expectancy (life expectancy before major diseases) is already below China's!
#MAGA# KeepMuricaGraete

 

[Hamartia Antidote]

LOL! The percentage drop today (3.15%) was LESS than the Shanghai composite drop on Monday (3.72%) which didn't even make World headlines headlines because tanking in the Shanghai is just so common it isn't even newsworthy anymore.

infact tanking in Shanghai is so common let's look at a live shot of the Shanghai market RIGHT NOW:

It's STILL higher!!!

LOL! It's getting worse by the minute

This is a 4 year low!!!

 

[Yaseen1]

u.s economy depends mostly on stock market as they have no industry comparable to china so china economy is independent of stock market which shows u.s is losing more in this war as compared to china

 

[ashok mourya]

So China wining the trade hot war?

 

[Hamartia Antidote]

u.s economy depends mostly on stock market as they have no industry comparable to china so china economy is independent of stock market which shows u.s is losing more in this war as compared to china

How did you figure that? Less than 5% of US companies are public.

A company like Cargill does $109 Billion in revenue a year and it is a private company.

 

[dy1022]

u.s economy depends mostly on stock market as they have no industry comparable to china so china economy is independent of stock market which shows u.s is losing more in this war as compared to china