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Mon Dec 3, 2018, 07:40 AM

Dow set to surge more than 400 points after Trump and Xi agree to pause the US-China trade war

U.S. stock market futures surged after U.S. President Donald Trump and Chinese President Xi Jinping agreed to a 90-day ceasefire in the trade war that has weighed heavily on global stock markets for most of 2018.
Futures on the Dow Jones Industrial Average indicated an open of about 443 points as of 6:34 a.m. ET Monday. Big multinationals like Caterpillar and General Motors were set to lead the gains. Meanwhile, S&P 500 futures jumped 1.6 percent, while futures on the Nasdaq-100, home of many technology companies that sell to China, climbed 2.4 percent.
Futures on oil and copper jumped on hopes a possible new China-U.S. trade agreement would boost global economic growth.

The two leaders, who met for dinner on Saturday at the G-20 summit in Argentina, agreed to hold off on additional tariffs on each other's goods at the start of the new year to allow for talks to continue. The U.S. agreed to leave tariffs on more than $200 billion worth of Chinese products at 10 percent.

https://www.cnbc.com/2018/12/02/dow-futures-surge-after-trump-and-xi-agree-to-pause-the-trade-war.html

I'm sure the haters and those who don't understand the markets will be along shortly to tell us how this is not a good thing

12 replies, 159 views

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Always highlight: 10 newest replies | Replies posted after I mark a forum
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Reply Dow set to surge more than 400 points after Trump and Xi agree to pause the US-China trade war (Original post)
BigKahunna2.0 Dec 3 OP
imwithfred Dec 3 #1
Hades Dec 3 #2
BigKahunna2.0 Dec 3 #3
Badsamm Dec 3 #4
BigKahunna2.0 Dec 3 #5
uncledad Dec 3 #6
Hades Dec 3 #7
Badsamm Dec 3 #8
Badsamm Dec 4 #9
Hades Dec 4 #10
Badsamm Dec 4 #12
steve brown Dec 4 #11

Response to BigKahunna2.0 (Original post)

Mon Dec 3, 2018, 08:52 AM

1. Well, I dunno; ask me in 26 days

when Mad Maxine takes over the House Finance and Banking committee, how the Dow's going to be doing the next two years.

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Response to BigKahunna2.0 (Original post)

Mon Dec 3, 2018, 11:52 AM

2. The Negative Nancys and Debbie Downers are already scoffing at it.

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Response to Hades (Reply #2)

Mon Dec 3, 2018, 01:10 PM

3. That's OK, the smart money makes money by investing according to facts and fundamentals

The haters talk a good story but in reality they are hoping for a downturn because they have no skin in the game.

Let them hate while the smart money laughs at them...…

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Response to BigKahunna2.0 (Original post)

Mon Dec 3, 2018, 02:44 PM

4. People buying the pause better have their sell order primed and ready to rip

When reality sets in.

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Response to Badsamm (Reply #4)

Mon Dec 3, 2018, 04:38 PM

5. You just need to pay attention to the facts and the fundamentals of the situation

Stay informed, know where the exits are and always be ready to move

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Response to Badsamm (Reply #4)

Mon Dec 3, 2018, 06:28 PM

6. There was selling into the rally by mid morning.

After lunch, there was a build and sell off. The short positions are building.

Considering it's a ceasefire with a time limit, not much has changed.

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Response to Badsamm (Reply #4)

Mon Dec 3, 2018, 07:47 PM

7. Always the Negative Nancy and Debbie Downer.

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Response to Hades (Reply #7)

Mon Dec 3, 2018, 10:33 PM

8. Shut up and buy happy pants

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Response to Hades (Reply #7)

Tue Dec 4, 2018, 12:17 PM

9. How are those gains

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Response to Badsamm (Reply #9)

Tue Dec 4, 2018, 12:46 PM

10. Dude...

...I don’t buy or sell, the family account has been in the hands of a legit company for decades, so you can take your smirk and wish I was losing money and shove it up your ass. They make the calls and when to do what.

Ok, Nancy?

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Response to Hades (Reply #10)


Response to BigKahunna2.0 (Original post)

Tue Dec 4, 2018, 05:12 PM

11. Lol

The dow lost 700 points today.

The dow is now flat for the entire year of 2018.

Personally I support Trumps protectionism, but the ptb are seriously pissed that he doesn't worship free trade like the republicans/libertarians/clintons/obamas.

His trade agreements could actually form some sort of legecy, it used to be a liberal idea to promote fair trade and human rights, but the leaders all turned into free trade globalists like the republicans.

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