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Another heavy geopolitical week
Brexit 2 year anniversary
Immigration could mean new elections in Germany
EU Summit
Mexico Elections on July1
Protests over US immigration
Russia Novak visits US
Trump threatens some more on trade
EU says bad boy
China responds on trade
Canadian Pm makes more comments on trade
etc etc[color=red][size=5][b]PPPPPLLLUUUNNNGGGEEEE
DOW DOWN -180 … Wonder why ? ? ?[/b][/size][/color] 😉 :whistle: :whistle: :whistle: :whistle: :whistle: :whistle:
[quote=”CautiousInvestor” post=6922][color=red][size=5][b]PPPPPLLLUUUNNNGGGEEEE
DOW DOWN -180 … Wonder why ? ? ?[/b][/size][/color] 😉 :whistle: :whistle: :whistle: :whistle: :whistle: :whistle:
China US trade war chatter
May Chicago Fed national activity index -0.15 vs +0.30 expected lowest since January
Prior was +0.34 (revised to +0.42)US May new home sales 689K vs 667K expected
Prior was 662K (revised to 646K)
Sales up 6.7% m/m
Supply at 5.2 months vs 5.5 prior
Single family +6.7%
Sales price +3.3% y/y
Northeast -10.0%,
Midwest 0%,
South +17.9%,
West -8.7%Market sending clear message to the Fed stop raising even reverse course. Throw in all the other trade war and anti Trump noise its not a pretty place to be
More on China from the WSJ:
“Mr. Xi told a group of 20 mostly American and European multinational chief executives on Thursday that Beijing plans to strike back, according to people briefed on the event,” the WSJ says.
“In the West you have the notion that if somebody hits you on the left cheek, you turn the other cheek,” the Chinese leader said, according to the people. “In our culture we punch back.”[color=red][b]MINUS 450 on DOW … MINUS 200 on NASDAQ :ohmy:
ohhh the humanity for our “201K” accounts[/b][/color] :woohoo:
[size=5][color=red][b]Dow Jones 24,252.80 −328.09 (1.33%)
S&P 500 2,717.07 −37.81 (1.37%)
Nasdaq 7,532.01 −160.81 (2.09%)
Russell 2000 1,657.51 −28.06 (1.66%)
NYSE Comp 12,481.54 −158.03 (1.25%)[/b][/color][/size][quote=”MoneyNeverSleeps” post=6929]More on China from the WSJ:
“Mr. Xi told a group of 20 mostly American and European multinational chief executives on Thursday that Beijing plans to strike back, according to people briefed on the event,” the WSJ says.
“In the West you have the notion that if somebody hits you on the left cheek, you turn the other cheek,” the Chinese leader said, according to the people. “In our culture we punch back.”[/quote]Sadly the fact is something needs, and for years has needed to be done about all the theft of intellectual property by China. No nation on our planet steals as much intellectual property as China (which is stated and shown in the reports on the link below). If anyone has not read the reports to the American people on the link below, please take time to do so, and if time allows read at minimum the 2018 and 2017 reports by the IP Commission (aka Intellectual Property Commission).
The theft of intellectual property has resulted in a lower GDP for the USA, the loss of jobs in the USA, has harmed productivity in the USA, and is a threat to US national security (all stated in the reports to the American people on the link below).
Verbatim from the 2017 report on the link below: “We estimate that the annual cost to the U.S. economy continues to exceed $225 billion in counterfeit goods, pirated software, and theft of trade secrets and could be as high as $600 billion. It is important to note that both the low- and high-end figures do not incorporate the full cost of patent infringement—an area sorely in need of greater research. We have found no evidence that casts doubt on the estimate provided by the Office of the Director of National Intelligence that economic espionage through hacking costs $400 billion per year. At this rate, the United States has suffered over $1.2 trillion in economic damage since the publication of the original IP Commission Report more than three years ago.” (that was from May 2013 to February 2017 alone).
The Intellectual Property Commission are a distinguished group of individuals to include corporate leaders, US trade representatives, academics, US military leaders etc…
[color=green][b]RALLY TIME — as we have went ALL GREEN in market indexes 8)
GE is off to races, (up 7%) in selling up a manufacturing arm of their business to raise some needed cash.[/b][/color][quote=”CautiousInvestor” post=6933]P.S. and hopeful our country will come together in peace & less division 🙂[/quote]
It is so discouraging the division – intentionally fueled by TPTB – rationality is out the window
[quote=”Rattlesnake” post=6935][quote=”MoneyNeverSleeps” post=6929]More on China from the WSJ:
“Mr. Xi told a group of 20 mostly American and European multinational chief executives on Thursday that Beijing plans to strike back, according to people briefed on the event,” the WSJ says.
“In the West you have the notion that if somebody hits you on the left cheek, you turn the other cheek,” the Chinese leader said, according to the people. “In our culture we punch back.”[/quote]Sadly the fact is something needs, and for years has needed to be done about all the theft of intellectual property by China. No nation on our planet steals as much intellectual property as China (which is stated and shown in the reports on the link below). If anyone has not read the reports to the American people on the link below, please take time to do so, and if time allows read at minimum the 2018 and 2017 reports by the IP Commission (aka Intellectual Property Commission).
The theft of intellectual property has resulted in a lower GDP for the USA, the loss of jobs in the USA, has harmed productivity in the USA, and is a threat to US national security (all stated in the reports to the American people on the link below).
Verbatim from the 2017 report on the link below: “We estimate that the annual cost to the U.S. economy continues to exceed $225 billion in counterfeit goods, pirated software, and theft of trade secrets and could be as high as $600 billion. It is important to note that both the low- and high-end figures do not incorporate the full cost of patent infringement—an area sorely in need of greater research. We have found no evidence that casts doubt on the estimate provided by the Office of the Director of National Intelligence that economic espionage through hacking costs $400 billion per year. At this rate, the United States has suffered over $1.2 trillion in economic damage since the publication of the original IP Commission Report more than three years ago.” (that was from May 2013 to February 2017 alone).
The Intellectual Property Commission are a distinguished group of individuals to include corporate leaders, US trade representatives, academics, US military leaders etc…[/quote]
The loser is the masses in the partisan split of America – there is no acknowledgement of just how much has been lost in IP etc and the need to get tough or at least do something. Thank you for sharing – but sadly those that need it won’t it doesn’t fit their agenda. Though I do think the negotiations with Europe – cars etc is a little misguided with the outcome and the big misfire on understanding the supply chain but IP is a different beast.
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