Back to normal today? And a reminder of what normal is
With all available officials on deck today in Beijing and Washington to talk down fears of a trade war and to talk up prospects for trade talks, the U.S. financial markets have returned to “normal.” And what is “normal” right now? A 0.47% gain...
Stocks rally as markets decide trade talks will head off trade war
The Standard & Poor’s 500 stock index finished up 1.16% today, closing at 2644.69, as traders and investors decided that the tariff measures targeting China that the Trump administration announced last night and the retaliatory measures announced by China...
China retaliates on tariffs; U.S. stocks fall again
It’s always hard to attribute a market move to one particular news event, but today the odds are good that this morning’s plunge in stock prices is in reaction to China’s decision to impose tariffs on 128 U.S. products in response to the Trump...
Sell the rally is the new Wall Street practice
Twice today investors and traders sold an intraday rally.  Think we might have a pattern here? After hitting a 0.38% gain at 11 a.m. New York time, the Standard  & Poor’s 500 went into a steady decline.  Then, after having rallied by 2 p.m. to just below...
U.S. stocks slip after early gains; global markets take trade war to heart
U.S. stocks started the day in the green with the Standard & Poor’s 500 stock index up 0.44% as of 9:33 a.m. New York time. The index was still in the green as of 11 a.m. (up 0.38%) but then came the retreat. As of 11:30 a.m. the S&P 500 was off 0.37%....
Markets trying to get ahead of today’s tariff news
The only thing that is (relatively) certain is that President Trump will announce $50 billion in tariff and other trade restrictions aimed at China. That announcement is scheduled for 12:30 p.m. today in Washington. There’s plenty of speculation today about the...
$60 billion in China tariffs coming as soon as Friday, Washington Post reports
The Washington Post reports tonight that President Donald Trump is preparing to impose a package of $60 billion in annual tariffs against Chinese products. The tariff package, which Trump plans to unveil by Friday, was confirmed to the Washington Post by four senior...
The pace of the week just picks up from here
Today was supposed to ease us into a week with just too much big macro potentially market-moving news. So much for easing. Thanks, Facebook. Weeks like this don’t come around often, thank goodness, but when they do, Whew! Monday eases investors and traders in...
I think they’re really going to do it: My odds on the Trump administration targeting China in a tariff war went up to 70% today
Today the White House announced  that President Donald Trump has picked Larry Kudlow to replace Gary Cohn as director of the White House National Economic Council. Kudlow worked as an economic advisor to President Reagan where he was a dedicated believer in...
It’s official: President Trump authorizes tariffs on imported steel and aluminum; exempts Canada and Mexico
At a ceremony in the White House President Donald Trump signed an executive order authorizing a 25% tariff on imported steel and 10% on imported aluminum. The tariffs will go into effect in 15 days. Mexico and Canada are exempt from the tariffs for an indefinite time....
President Trump doubles down on tariffs and trade war
Anybody who hoped that President Donald Trump would reconsider overnight his decision to impose a 25% tariff on imported steel and a 10% tariff on imported aluminum and risk setting off a global trade war was disappointed this morning when he doubled down in a tweet....
Trump’s announcement of steel and aluminum tariffs sink U.S. stocks
This morning President Donald Trump announced that the United States will impose a 25% tariff on imported steel and a 10% tariff on imported aluminum “for a long period of time.” The President said he will sign a formal order next week. The timing...
What stocks (Apple? Starbucks?) are on the front line in any trade war?
Three things to think about as an investor ponders the possibility that the United States will provoke a trade war with China, the European Union, and other countries. First, President Trump’s move today to put 25% tariffs on imported steel and 10% tariffs on...
Selling Caterpillar on the President’s tariff announcement
I don’t think there’s any point to waiting around to see how quickly or fiercely China will retaliate against U.S. exporters after today’s announcement that the United States will put a 25% tariff on Chinese (and other imported) steel and a 10%...
Selling Boeing shares on the President’s tariff announcement
I don’t think there’s any point to waiting around to see how quickly or fiercely China (and the European Union) will retaliate against U.S. exporters after today’s announcement that the United States will put a 25% tariff on Chinese (and other...Jim’s Daily Email Alerts:
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