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Member since: Tue May 13, 2014, 06:50 PM
Number of posts: 6,840

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United States-Mexico-Canada Agreement (USMCA)


The deal will preserve a trade dispute settlement mechanism that Canada fought hard to maintain to protect its lumber industry and other sectors from U.S. anti-dumping tariffs, U.S. and Canadian officials said.

Canada has agreed to provide U.S. dairy farmers access to about 3.5 percent of its approximately $16 billion annual domestic dairy market.

Canada and Mexico each agreed to a quota of 2.6 million passenger vehicles exported to the United States in the event that Trump imposes 25 percent global autos tariffs on national security grounds.

The quota would allow for significant growth in tariff-free automotive exports from Canada above current production levels of about 2 million units, safeguarding Canadian plants. It is also well above the 1.8 million cars and SUVs Mexico sent north last year.

"It’s a good day for Canada,” Prime Minister Justin Trudeau told reporters...

"It’s a good night for Mexico, and for North America,” Mexican Foreign Secretary Luis Videgaray said.

DOW 26651. Up day.

Previous close 26458. 52 wk high 26769. 52 wk low 22332. Low of the day 26596.

NASDAQ : 7645^

Soybeans : 8.55^ 52 wk high 10.71 52 wk low 8.11

Informational purposes only. US Government TSP accounts:

Interfund Transfers

Related to the above, the G Fund is also the fund into which federal employees are mostly moving. Money poured into this fund in August with $1.432 billion moved into it last month. Conversely, large amounts were moved out of the C, S and I Funds with $504 million, $463 million and $573 million, respectively, being pulled from these three funds in August. $219 million went into the L Funds and $109 million was moved out of the F Fund as well.
Fund Dollars Moved In (Out) in Millions
G Fund $1,432
I Fund ($573)
C Fund ($504)
S Fund ($463)
L Fund $219
F Fund ($109)

The moves away from the stock funds seem to indicate a concern on the part of federal employees that the long standing bull market is going to run out of steam soon. Since nobody ultimately knows what the stock market will do in the short term, advice often given by financial advisors is to not try to time the market, but rather focus on time in the market (ideally over many years) to reap the greatest investment returns.

DOW Friday 9/28/2018 26458

Previous close 26439. 52 wk high 26769. 52 wk low 22288. Last Friday close 26743.

NASDAQ : 7627

Soybeans : 8.44 at close. 52 wk high 10.71 52 wk low 8.11

Fall is closing in. Enjoy the weekend everybody.

DOW 26439

Previous close 26385. 52 wk high 26769. 52 wk low 22254

NASDAQ : 7629

Soybeans : 8.55 52 wk high 10.71 52 wk low 8.11

DOW 26385

DOW previous close 26492. 52 wk high 26769. 52 wk low 22254.

NASDAQ : 7563

Soybeans : 8.50 ^ 52 wk high 10.71. 52 wk low 8.11

Under the radar. If you're tired of Kav...

Hired to Drain the Swamp, Fired in Less Than a Year

Gibson came to Washington to oversee Mattis’s attempt to cut waste from the Pentagon budget by identifying savings that would lessen the ballooning impact of the Trump administration’s $670 billion defense spending proposal. Armed with an impressive resume (including a successful stint as an assistant secretary of the Air Force and deputy undersecretary of defense for management reform, where his efforts saved billions of dollars), Gibson was tasked with reforming Pentagon procedures in buying and developing weapons and in managing logistics and supply, technology systems, community services, human resources, and health care.

Gibson was given a broad mandate to “shake up the system,” which the deputy defense secretary Patrick Shanahan (the department’s number two official and Gibson’s boss) admitted would cause “screaming and yelling” from the Pentagon bureaucracy.

That Jay Gibson has been caught in the Mattis-Ricardel crossfire is an open secret at the Pentagon, where key officials speculate that Ricardel’s promotion of Shanahan has less to do with his commitment to Pentagon budget reform than to the fact that the two were close colleagues at Boeing, where Ricardel served for nine years (from 2006 to 2015) as vice president of strategic missile and defense systems. That is to say, Jay Gibson’s still unexplained firing has reinforced John McCain’s worries that the fox would end up guarding the henhouse.

“This is the Boeing mafia in all of its glory,” the senior Pentagon official says. “Anyone who comes in here will always have Jay Gibson’s experience as a marker. You think anyone who’s willing to take on the bureaucracy is going to want that job? No way. Budget reform is dead, d-e-a-d dead. So much for draining the swamp.”

DOW 26492

DOW previous close 26562. 52 wk high 26769. 52 wk low 22219. Low of the day 26475.

NASDAQ : 7563 ^

Soybeans : 8.47 at close. 52 wk high 10.71. 52 wk low 8.11

DOW 26562.

Last Friday close 26743 52 wk high 26769. 52 wk low 22219. Low of the day 26548.

NASDAQ : 7548

Soybeans : 8.41 at close. 52 wk high 10.71. 52 wk low 8.11

DOW 26743. New high for the year

Previous close 26656. 52 wk low 22219. 52 wk high, made today 26769.


Soybeans: 8.50 52 wk high 10.71 52 wk low 8.11
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