Tariff man crushes markets

[workinclasszero]

By BEN WHITE, AUBREE ELIZA WEAVER 12/05/2018 08:00 AM EST

President Trump on Tuesday issued his most market-moving tweet yet with this gem at 10:03 a.m.: “I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN.”

The tweet helped wipe out any remaining positive feelings from the China truce over the weekend and sent markets spiraling down with the Dow closing off nearly 800 points, or 3 percent. The S&P also fell 3 percent while the Nasdaq dropped almost 4 percent. Investors MM spoke to on Tuesday cited the tweet and general unease over the future direction of the trade war as the main reason for the declines.

Also on investors’ minds: A flattening (and partially inverted) yield curve suggesting worries about slowing growth in the United States, Asia and Europe: “It was a combination of all of the above,” Steve Massocca of Wedbush Equity Management told MM.

“Clearly the disappointment came in that no serious progress was made with China. That really started the ball rolling. … And then computer trading really starts piling on. We see more and more of that these days. This wouldn’t have happened 15 years ago.”

https://www.politico.com/newsletters/morning-money/2018/12/05/tariff-man-crushes-markets-442244

[3Hotdogs]

1. What happened with foreign markets today?

Did Tariff-man fuck 'em up?

[workinclasszero]

2. Getting hammered I guess

European stocks fall more than 1 percent amid rising trade war fears

https://www.cnbc.com/2018/12/05/europe-markets-concerns-over-trade-economy-and-brexit-in-focus.html


Asian stocks stumble after Wall Street plunge

https://www.cnbc.com/2018/12/05/asia-markets-wall-street-growth-concerns-us-china-trade-in-focus.html

[chuckless]

3. Not Tariff Man. He's Goniff Man

That Yiddish word must have been invented in anticipation of Trump.

[Wellstone ruled]

4. We live in a interconected World.

Money is fungible and moves at light speed around the Globe 24/7. And Foreign investors hold north of 50% of our Market.

Trump and his cohort's have set us up for a 1929 scenerio,and Market Historians have been screaming about this. With the Yield Curve on five year bonds in negative direction,the next couple of weeks will tell us what a year from now looks like.

Tariff Man has cast the die,and he had no clue what he did. But,his pal Dobb's said it would help with his reelection. Funny how a Show Horse Owner becomes a Economics expert.

[workinclasszero]

5. Dumpster's big, lyin mouth is costing the rich and big business here and around the world, billions

Are they all tired of winning yet?

[Wellstone ruled]

6. Always remember the tried and true rule.

Grandpa started the Business and Sonny took it over and grew the Business,and the Grandson said,F-it,I want my money and to hell with everyone.

Kinda sounds like the Trump Crime Family,does it not.

Still remember my first Engineering Job at 3M,the Interviewer said there will always be unemployed people and Poor people and It is not our policy to try and change that. Those statements were so counter of the founding Family McKnight.