Ok, awesome. So much to learn still lol. This market dip has taught me a lot already, but now I need to learn how to manage during these situations.
Quote:
The Trump administration plans to delay auto tariffs by up to six months, stopping itself for now from further widening global trade conflicts, four sources told CNBC.
The White House faces a May 18 deadline to decide whether to slap duties on car and auto part imports. By law, the administration has another 180 days to come to a decision as long as it is negotiating with its counterparts. Trump sees the tariffs as a way to gain leverage over trading partners such as the European Union and Japan during trade talks.
President Donald Trump risks sparking fresh global trade clashes if he goes through with car tariffs. The European Union, for example, has already prepared a list of retaliatory duties to implement if Trump targets autos.
The delay comes as the White House tries to strike a potential trade deal with China to end an escalating conflict. The world's two largest economies increased tariffs on one another in recent days, amplifying a fight that has rattled financial markets and threatened to drag on the global economy.
Trump is mulling whether to use a national security justification to slap tariffs as high as 25% on cars. In February, the Commerce Department delivered a report to the president saying that he could justify duties citing a national security threat. He also used the rationale to put tariffs on steel and aluminum imports.
FB bounced off $185 and is about to probably break it, on pace for a 5% day.EngrAg14 said:
FB is making moves at the moment, see it hitting $190 by 5/31 if not $195
With you. Holding those at 1.40 basis.oldarmy1 said:
Bought PINS $32 out to June That's less than a 50% retracement from engulfing candle bullish move yesterday to its last trend top.
up another 11% todayIrishTxAggie said:Chick-Fil-A announcementYNWA_AG said:
BYND with 15% day today. Not sure what to think about that
https://www.ibtimes.com/chick-fil-working-vegan-menu-already-research-development-stage-2791761
Wow, I thought about that earlier but decided to wait. Glad I did.oldarmy1 said:
Entered a new position in OSTK and then announcement hits that the CEO sold 500k shares last 2 days. Sometimes periods like this hit anyone. Sheesh what a loser CEO; especially after his comments on the earnings call.
aren't gold stocks at lows because of the expected fed cut by January at the latest? or is that only part of it?oldarmy1 said:
Since we ternd to think from America perspective I ask myself what would I do if I were China. The tariff situation is clearly makes China the biggest loser. There is no winning strategy on tariff's in a vacuum.
I would first quietly signal to highest officials a potential change in debt purchasing policies. China is the largest buyer of our debt and has been instrumental in the ability of the U.S. to print currency, for its vast economic policies since forever.
Second, I would be working backchannels with foreign entities on replacing the dollar as the worlds mark. This might be going on already, and would explain the current rebound in crypto-currency. Even though I don't see Crypto as the ultimate outcome many do.
Bottomline - China has some wild cards to play if they so choose. It would send markets in a tailspin, if either of those were to become mainstream topics of discussion. You can see gold stocks with small bounces but they have continued to stay near lows (or new lows). To me that says the dollar play hasn't been floated. You change the world currency away from the dollar and gold doubles overnight.
Fun times.
oldarmy1 said:
Entered a new position in OSTK and then announcement hits that the CEO sold 500k shares last 2 days. Sometimes periods like this hit anyone. Sheesh what a loser CEO; especially after his comments on the earnings call.
Yeah, I see that as to current price.YNWA_AG said:
You don't mind the news from yesterday? There was another security flaw that affects chips from the last 10 years? The patch could impact the performance of chips up to 40%.
This is one I'd normally stay away from because I generally don't think that type of company has any long-term value. Of course, if your wife thinks it's another ETSY, I might change my mind.oldarmy1 said:
Go PINS!
They report earnings tomorrow. FYIoldarmy1 said:
PINS looks to have found its major support lows. Reverse H&S breaks to the upside and moving higher.