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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: locogringo who wrote (1076181)7/2/2018 8:18:50 AM
From: sylvester801 Recommendation

Recommended By
Celtictrader

  Respond to of 1578022
 
BOMBSHELL..Nervous investors exiting US stocks at near-record pace on trade-war fears; All thanks to lying corrupt traitor POS trump... a stock market crash can not be far behind...
cnbc.com

Investors dumped U.S. stocks at the fastest pace since February's stock market correction, and a near-record rate, as money flowed into Treasury bills, the safest of safe haven bets.Bank of America Merrill Lynch chief investment strategist Michael Hartnett said the selling was reversing a "pervasive euphoria" about the U.S. from earlier this year.

Patti Domm | @pattidomm
Published 11:58 AM ET Fri, 29 June 2018 Updated 2:06 PM ET Fri, 29 June 2018CNBC.com


Scott Mlyn | CNBC
A woman walks down a staircase at the Wall Street subway station, New York City.

Investors bailed out of U.S. stocks at a near-record pace in the last week, as money flowing into Treasury bills surged to a 10-year high.

Outflows from U.S. stock funds and ETFs totaled $24.2 billion, the third-highest ever, and the $30 billion that came out of global stock funds in total in the past week was the second-highest ever and largest since the financial crisis, according to Bank of America Merrill Lynch strategists. The outflows from U.S. stocks were the highest since the stock market correction in February. Bonds, at the same time, saw small inflows of $700 million.

"That nervousness, the losses people were experiencing in non-U.S. markets with the trade wars has probably led to what you're seeing in the markets in the last week or so — a big unwind of positioning, a flight to quality," said Michael Hartnett, BofAML chief investment strategist.

Hartnett said there was a "pervasive euphoria" about the U.S. at the beginning of the year and that has faded. Now, investors are adjusting positions, not panicking, though T-bills, considered the safest of safe haven bets, continued to pull in funds at a rapid pace.

"It's not like it's February 2016. It's not like we're staring recession in the face, and everyone is cashed up to the eyeballs and policymakers are panicking. That's not what's happening. It's just that people were pricing in Goldilocks forever earlier on in the year, and that was wrong. They're probably unwinding that positioning," he said. "It helps explain why the markets have firmed up in the last couple of days. You want to buy fear and sell greed."

Hartnett said July could be a month where investors sell volatility, but then the market could get rockier in August and September, ahead of the midterm elections.

Trump: Our relationship with China is terrific 1:19 PM ET Fri, 29 June 2018 | 00:41

"To get a big selloff from here, you're going to need negative developments. The new negative developments could be tariffs on European autos or tariffs on U.S. tech. They could be Chinese currency issues resurfacing," he said. He said the S&P 500 could rally a little but it's not likely to break out of its range, for now.

“You do not want to give Jeff Bezos a seven-year head start.”

Hear what else Buffett has to say

Hartnett and BofAML strategists, who released the data, said there are some conditions that seem very similar to 1998 when there was a late-cycle global credit event that started in emerging markets. They point to the forced deleveraging and collapse in markets from the Asian currency crisis and collapse of Long Term Capital Management. Between July and October 1998, the S&P 500 fell 22 percent and Nasdaq fell 33 percent. Banks fell 43 percent in that period.

Emerging market debt fund in the last week saw its 10th outflow in a row as $3.2 billion exited. Emerging market equities lost $3.1 billion, the seventh week of outflows in eight.

Market events in 2018 include Federal Reserve tightening, the U.S. decoupling from other economies, collapsing emerging markets and outperforming levered quant funds.

The strategists say watch the "summer pain trade" in oil, banks and the yield curve.



To: locogringo who wrote (1076181)7/2/2018 8:29:23 AM
From: sylvester801 Recommendation

Recommended By
Celtictrader

  Read Replies (1) | Respond to of 1578022
 
BOMBSHELL...The EU hits back at Trump's claim it is 'as bad as China' — reportedly threatening tariffs on $300 billion of goods; TRAITOR POS trump is doing 100% the job of Putin's RUSSIA... everything POS trump is doing is STRENGTHENING RUSSIA... POS trump is 100% the BIGGEST US TRAITOR and GUILTY OF TREASON...

businessinsider.com

The Financial Times reports that the European Union has threatened to retaliate if US President Donald Trump places tariffs on European cars.The European Commission reportedly sent a letter to the US threatening to hit $300 billion of American goods with tariffs.The letter also said any auto tariffs would "damage further the reputation" of the US, according to the FT.

The European Union has reportedly threatened to retaliate against US President Donald Trump in the escalating trade conflict developing across the Atlantic.

According to a report in the Financial Times, a letter sent by the European Commission to the US Department of Commerce says the EU could hit $300 billion of US goods with tariffs if Trump follows through on his threats to place big taxes on European vehicles being imported in the US.

The EU's letter reportedly said the bloc had not yet decided on countermeasures to any new auto tariffs but said it was "likely" to apply them to "a significant volume of trade" in the event Trump imposed such tariffs.

Those measures would apply "across sectors of the US economy," the letter reportedly said. The US imported over $43 billion worth of vehicles for people transportation in 2017.

Along with the tariff threats, the European Commission is also believed to have warned Trump that his behavior could "result in yet another disregard of international law" by the US and said that any auto tariffs would "damage further the reputation" of the country.

Trump has sparked a global trade conflict by placing or threatening punitive tariffs on hundreds of billions of dollars' worth of goods from China, Mexico, Canada, and the European Union.

Trump recently turned his attention to the automotive sector, focusing on European manufacturers. "Based on the Tariffs and Trade Barriers long placed on the US and it great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the US," Trump tweeted back in June. "Build them here!"

While he has threatened auto tariffs, Trump has not yet followed through on them.

He did, however, double down Sunday. "The European Union is possibly as bad as China, just smaller," he told Fox News in an interview, adding that it was "terrible what they do to us" and then mentioning the "car situation."