Anyone who trusts Trump will trust anyone, and can't be saved from their own cynical acceptance of "corruption as usual"
Trump's buffoonish arrogance never fails to entertain and delight his Twitter mob. And what central role does the alt-right media play in concealing market risk by monetizing useful idiots with lethal Bannon-esque Kool-aid.
"We hold all the cards in the trade war"
What we see below via this week's headlines is called blatant market manipulation, which used to be illegal before criminals took over the White House. I suggest this will be a good hard lesson for true believers in rampant criminality.
Given that they are the target market being manipulated:
"Shares of Alibaba and other Chinese companies plunged in a sudden move after reports the White House is considering ways to limit U.S. investments in China.
Bloomberg News reported on Friday Trump administration officials are weighing delisting Chinese companies from American stock exchanges and putting a limit on U.S. government pension funds’ exposure to the Chinese market."
Delisting Chinese companies would affect billions of dollars in investment pegged to major indexes, just as the Chinese government is taking steps to increase foreign access to its markets."
No less than 115 U.S.-listed ETFs hold Alibaba alone.
U.S. Momentum Tech just took out the last line of support:
Trade-war ravaged cyclicals also broke the 200 day:
Small caps as well:
Wall Street is finally realizing that funding the implosion of the economy is a dumb idea
“When it comes to ‘platform’ companies, venture capital has done a generally terrible job building these businesses into viable companies,”
It was a great week for Utility stocks, so perma-bulls went home fat and happy.
Right once again.
Right once again.
