Global trade war all of this comes together and says you should probably be selling industrials and autos. I dont think these are just oneday quick trades but do think the response from markets today was very interesting think of the rotation weve had over the last month and think of the reaction weve had in the last three days. It is beginning to build back on, hey, lets take back much of what we lost that is how we appear to be ready to open up tomorrow. The first leg lower in the markets happened when President Trump was in front of the u. N. And talked tough on china, mark and the results from nike this afternoon would probably give some investors some hope that perhaps there are companies that could buck the trend is nikeidiosyncratic. Its been the consumer that has driven the market and the entire world not just the u. S. Is relying on the consumer the consumer has been strong and rye sell yents in the u. S. A lot of these consumer names are still strong a lot of them are hitting
Thats how i felt about President Trumps trade deal sooner than you think comment that exploded the market higher just when it looked shaky because of impeachment chatter trump makes remarks and turns things around again. Averages bringing back up by magic. Dow climbing 163 point, s p gaining 0. 62 and nasdaq surging 0. 15 after the session yesterday. No one else remembers the last dozen times this has happened. Maybe this time will be different. My sources say no. Maybe the white house will get a deal to end all deals when the chinese. My sources say dont believe it. Maybe Speaker Nancy Pelosi begins the process of impeaching President Trump shes working behind the scenes to pass the new trade deal trump negotiated with mexico and canada raises eyebrows. Yeah, maybe the tooth fairy is ready to shove some bitcoin under the pillow of every kid who loses a tooth. Maybe juul is deeply committed to stopping those same kids from getting hooked on vaping maybe the earth is flat. Who can say .
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