• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

E Market Briefing For Friday, April 6

By Kurt Osterberg · On April 6, 2018

‘Here We Go Again’ – might as well be the famous old tune applicable to this market; because as the lyrics suggested: “I’ll throw all your old stuff away” (China); “I’ll clear you out of my head” (retreat to domestic stuff); “I’ll tell everyone that we’re through” (though we’re really not; hence no trade war when all is sorted out); and that’s “Cause I’m so much better without you” (and of course we’re not and they’re not; just that after what was done yesterday, by Trump and especially Kudlow; why am I not that surprised at tonight’s news). 

That tune continued with a: “Cause I’ll break down every time you come around” line, which better describes how previous Administrations have responded to hardball plays whenever they briefly attempted protecting American industry. Trump has sworn he’s not going to be a pushover.
 

And therein likes the rub. Yesterday I bemoaned the Kudlow commentary (despite agreeing with it) regarding this President being a ‘free trader at heart’, to use Larry’s words. My concern, especially given the S&P’s very dramatic down-and-then-up turnaround (which allowed follow-through in Thursday’s market as expected), was that it would ’embolden’ a tougher line with China, because of the belief there rally wouldn’t be a trade war.

Well the way TO get a trade war is for the officials to keep saying there’s not going to be one; the market rallies; Boeing leads; Washington again isn’t taken seriously; and today’s China Daily (official newspaper).. guess what.. they headlined exactly what I said last night: however putting it the context of the United States ‘blinking’ in the standoff on trade. They even singled out Kudlow (I just knew that would result in trouble as I have few problems with his perspective other than being a rampant Keynesian we all know; but you just can’t refer to barely begun negotiations with what in this case was interpreted as a capitulation by the Chinese). It’s part of a limitation of what an ‘official’ can say; not an observer on CNBC. Trump himself went too far by saying in advance ‘we’ll have a beautiful NAFTA deal; close to it; and oh if we don’t get it then we’ll cancel NAFTA.’ But for now this is mostly about China; and (not to be overlooked) the EU role.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

  • Finance

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

  • Finance

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

No Comments

Leave a reply Cancel reply

Top Finance

  • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
  • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
  • Hedge Funds In The US Hedge Funds In The US
  • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

New Posts

  • STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    June 20, 2022
  • NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    June 20, 2022
  • 5 NFTs Trending on Twitter Going Cheap to Invest in Now

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

    June 20, 2022
  • Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    June 20, 2022
  • Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    June 20, 2022
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.