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Strategies & Market Trends : US Inflation and What To Do About It
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To: RetiredNow who wrote (1080)8/14/2019 6:48:21 AM
From: Rarebird  Read Replies (1) of 1504
 
Trump delaying the latest round of tariffs till December due to higher costs for the consumer represents weakness and lack of understanding on his part. Wasn't he telling us that China was the one who would bear the cost of the tariffs? Most knew that wasn't true. I find it hard to believe that Trump didn't know this. So, who was he kidding? And delaying the latest round of tariffs only emboldens the Chinese more to wait Trump out till after the election and see if he wins.

My contention is that tariffs are not the way you win a trade war and extract concessions. And I don't disagree with the substance of Trump"s allegations. It is the tactics, the tariffs, that I am vehemently opposed to. He should have built a consensus with our allies in Europe and Asia to confront China via the WTO. Now Trump is conceding the American consumer will get hurt by tariffs.

As for Mike Wilson, he has been bearish for quite a while. I disagree that the US stock market has been in a bear since 1/2018. The A/D line has hit new all time highs ( NYSE) as recently as last month so that's a preposterous claim. Market has gone sideways in a big trading range due to the tariffs. A retest of the December lows is a possibility. Once the Fed uses up all it's bullets and institutes QE again, market may very well be in trouble if tariffs are still in effect. But we are not there yet.
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