jmcfar_98 said:

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Trading View is pretty good.

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oldarmy1 said:

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Excellent stuff Ags! Stan was moved by your generosity.

Let's talk about a call time. I have Tuesday anytime after 3pm. Wednesday 1-2:30pm. Maybe Thursday late afternoon.

See what consensus is by end of day Monday and we'll get a bridge # posted.

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Quote:

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The Wall Street Journal reported that China is considering cancelling its trade talks with the U.S. this week in light of Trump's latest threats. Citing a source, the Journal said Beijing had been surprised by the new threats.

The apparent about-face in trade sentiment left some Wall Street insiders worried about the effect on the U.S. equity market, fresh off record highs.

"Another turn of the screw tighter Sunday from the President's hard-ball tactics with the China trade talks, and his pair of tweets look like they could unleash a sharp stock market correction," said Chris Rupkey, chief financial economist at MUFG Union Bank, in a note. "For weeks now markets have been lulled to sleep on the US trade war with China thinking an agreement was imminent. No more."

"This has all the makings of a complete disaster that could lead the stock market to crater this week and send those external risks to the US economic outlook soaring," he added.

Shares of U.S. companies with big sales in China may lead the market's losses on Monday including Apple, Wynn Resorts and various chipmakers on fears China may retaliate.

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PeekingDuck said:

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Doesn't seem like China can really afford a trade war.

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IrishTxAggie said:

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Gigemags382 said:

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Shanghai exchange down over 5% and Shenzhen exchange down over 7%. Yet to be seen about US markets, but S&P futures currently down "only" about 1.5%. Anything to read into this? Is the market sentiment that this does in fact hit China harder - and they may blink?

Or nothing can be read into it at all?

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Trump's tax breaks gave him the opportunity to wage this war. The Chinese don't have the same luxury. It is hitting them much harder than it is hitting us. At the beginning of April, they dropped their VAT from 16% to 13%. It didn't even move their needle. I'll give you a quick example of how the Chinese operate and why exports and foreign markets are so vital to them.

I have manufacturing in China. I sell Product A to a company in the Philippines for $2.50USD/kg. The Chinese gov't gives us a rebates for selling the product outside of the country. Now, that same Product A if I were to sell it to a Chinese company costs ~$3.25USD/kg (All Chinese sales have to be done in Yuan, so that is approximate)!! It literally costs more money to sell the product into their own country because we have to pay the VAT and we lose export rebates that we bake into our export pricing. So, the US tacking on the tariffs is hurting them far more than it hurts us right now. Xi has a lot of power, but the villagers are starting to yell a little louder.

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