Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Tariff relief rally
Old 12-02-2018, 05:37 PM   #1
Full time employment: Posting here.
 
Join Date: Dec 2013
Posts: 532
Tariff relief rally

China & US make nice. Futures are up.
__________________

Free bird is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-02-2018, 06:01 PM   #2
Thinks s/he gets paid by the post
NYEXPAT's Avatar
 
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,502
We are coming off the biggest weekly rally in 7 years, I think?
__________________

NYEXPAT is offline   Reply With Quote
Old 12-02-2018, 06:03 PM   #3
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 8,990
Quote:
Originally Posted by Free bird View Post
China & US make nice. Futures are up.
Nice to hear.
__________________
......."Everybody has a plan until they get punched in the face." -- philosopher Mike Tyson.
aja8888 is offline   Reply With Quote
Old 12-02-2018, 06:05 PM   #4
Full time employment: Posting here.
 
Join Date: Feb 2007
Posts: 716
Thanks for the post. Busy weekend, and I hadn't seen the news.

S&P 500 futures up 1.44% as I type this. Would have expected even more, but I guess something along these lines was expected (priced in).

Since I'm sitting on some Apple 180 Feb 2019 calls (bought 11/23 @ $8.45), I'm hoping for a pop here. (Originally bought thinking that Apple's Feb earnings results will be better than expected given how awful the news flow has been on it since it peaked at $132.) However, if we get a decent lift off of the trade news, I am likely to sell them and take the 2018 profit and go on to something else (especially since Apple is my #1 individual holding).

ETA: Dow Jones futures up 440 points (1.7%) as of 7:10 PM Eastern.
copyright1997reloaded is offline   Reply With Quote
Old 12-02-2018, 07:04 PM   #5
Thinks s/he gets paid by the post
 
Join Date: Jan 2018
Location: Tampa
Posts: 2,313
Would be nice to have that year end rally to add a little to next years' withdrawal.
__________________
TGIM
Dtail is online now   Reply With Quote
Old 12-02-2018, 07:07 PM   #6
Full time employment: Posting here.
 
Join Date: Dec 2013
Posts: 532
Plenty of time for the December/ January run up. You know its coming. Santa on his way. Tis bonus season.
Free bird is offline   Reply With Quote
Old 12-02-2018, 07:28 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,507
The market was expecting some type of deal. (I expected nothing, so I'm now less bearish on the market in the short term.) My guess is that a 3 month delay is pretty much what the market expect, but there is still some relief it happened.
clifp is offline   Reply With Quote
Old 12-02-2018, 07:29 PM   #8
Thinks s/he gets paid by the post
RAE's Avatar
 
Join Date: Jan 2005
Location: northern Michigan
Posts: 1,112
From what I read, they really didn't agree to do anything other than postpone resolving their differences for a while. This, from CNN:

"The statements issued by the two sides, while each positive, illuminated how far apart Washington and Beijing remain despite each country's leader boasting about their strong personal relationship.
The starkest difference was the omission in China's statement of any agreed upon timetable for negotiations.
Also absent was specific mention of what markets China would be inclined to open up -- like agriculture, energy and industrial US products -- three sectors touted by White House Press Secretary Sarah Sanders in her brief statement on Saturday.
Trump repeatedly referred to agriculture -- a flag, perhaps, to US soybean farmers who have been the first to feel pain from Chinese retaliation. "China will be buying massive amounts of product from us, including agricultural, from our farmers -- tremendous amount of agricultural and other products," Trump said.
"Going down the line, you can see what was left ambiguous," said Allen, who viewed the absence of a joint statement as yet another signal of an unclear understanding from both sides.
China's statement also didn't mention Xi's willingness to consider approving a $44 billion deal for Qualcomm Inc. to purchase NXP Semiconductors NV, if the deal was put before him again -- a gesture the White House lauded as an achievement over dinner talks. In July, Qualcomm scrapped the proposed deal for its rival chip maker after waiting nearly two years for approval from Chinese regulators as tensions escalated between the two countries."
RAE is offline   Reply With Quote
Old 12-02-2018, 07:44 PM   #9
Full time employment: Posting here.
USGrant1962's Avatar
 
Join Date: Dec 2016
Location: DC area
Posts: 721
Well, it delays the Jan. 1st 25% tariffs on $200B of Chinese goods and threatened tariffs on an additional $267B for at least 3 months - that's something. I wonder why the CNN article does not mention that?
__________________
Semi-ER March 24, 2017
USGrant1962
USGrant1962 is online now   Reply With Quote
Old 12-02-2018, 07:48 PM   #10
Full time employment: Posting here.
 
Join Date: Dec 2013
Posts: 532
No one cares about CNN. I don't have cable TV since 1986.
Free bird is offline   Reply With Quote
Old 12-02-2018, 08:00 PM   #11
Thinks s/he gets paid by the post
RAE's Avatar
 
Join Date: Jan 2005
Location: northern Michigan
Posts: 1,112
Quote:
Originally Posted by USGrant1962 View Post
Well, it delays the Jan. 1st 25% tariffs on $200B of Chinese goods and threatened tariffs on an additional $267B for at least 3 months - that's something. I wonder why the CNN article does not mention that?
Right, it just delays things, does not really resolve anything. Kicking the can down the road, basically. I'm sure the markets will react positively to that for a little while, but it's certainly no landmark agreement.

The gist of this has been reported by many news outlets, not just CNN. This is from CNBC:

"This is all constructive news for markets, however the overarching concerns in the US-China relationship remain, and thus should imply caution for markets past the short-term,” wrote Sacha Tihanyi, deputy head of emerging markets for TD Securities, in a note. Some of the bigger, structural “issues are not ones that we believe can be easily tackled in a 90-day period.”
RAE is offline   Reply With Quote
Old 12-03-2018, 04:08 AM   #12
Recycles dryer sheets
Vincenzo Corleone's Avatar
 
Join Date: Jul 2005
Posts: 118
Wow. Shocker. <yawn>
Vincenzo Corleone is offline   Reply With Quote
Old 12-03-2018, 04:42 AM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 20,181
Short squeeze.
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 12-03-2018, 09:42 AM   #14
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Sunset's Avatar
 
Join Date: Jul 2014
Location: Spending the Kids Inheritance and living in Chicago
Posts: 5,908
Quote:
Originally Posted by audreyh1 View Post
Short squeeze.
If true, then time to sell
__________________
Fortune favors the prepared mind. ... Louis Pasteur
Sunset is offline   Reply With Quote
Old 12-03-2018, 10:13 AM   #15
Thinks s/he gets paid by the post
target2019's Avatar
 
Join Date: Dec 2008
Posts: 4,360
Quote:
Originally Posted by audreyh1 View Post
Short squeeze.
Like squeezing a balloon. There is a noticeable budge in reaction to news. But when you let go, the balloon returns to its previous volume.
target2019 is offline   Reply With Quote
Old 12-03-2018, 10:26 AM   #16
Thinks s/he gets paid by the post
 
Join Date: Mar 2011
Posts: 4,978
Quote:
Originally Posted by RAE View Post
This, from CNN:
Had a personal experience with CNN twisting the facts years ago.
I don't believe a word they say.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is offline   Reply With Quote
Old 12-03-2018, 10:29 AM   #17
Thinks s/he gets paid by the post
 
Join Date: Nov 2016
Posts: 1,789
^ wouldn't believe a word they say, nicely said. LOL
street is online now   Reply With Quote
Old 12-03-2018, 10:35 AM   #18
Thinks s/he gets paid by the post
 
Join Date: Aug 2013
Location: North
Posts: 1,494
Kickin the can down the road. See a lot of that lately. I still believe after that awesome rally last week, we have about 2-3% more to climb before year end.


What I don't get is why did the Government decide to close? 17.5 more trading days to go. I've seen a lot happen in 17 days in the markets but usually not too much action around the holidays. Not in the past few years at least.
__________________
AA (Stock/Bond/Cash ): 99/0/1% MIX (Small/Mid/Large): 50/25/25% BLEND(US/Foreign): 100/0%, REIT (Real Estate Equity): 50% of Assets

FIRE in 2031 @ 50yrs old (+/- 2yrs) w/ a hypothetical $2.5mil portfolio, 3 appreciated homes worth $1.0mil and rental income to fund my gap years until RMD. Assets will go to an inherited IRA where I plan on watching the investments grow until I die or the trust gets executed.
kgtest is offline   Reply With Quote
Old 12-03-2018, 10:47 AM   #19
Thinks s/he gets paid by the post
SecondCor521's Avatar
 
Join Date: Jun 2006
Location: Boise
Posts: 2,970
Quote:
Originally Posted by kgtest View Post
What I don't get is why did the Government decide to close?
As far as I can tell of a quick scan of my news sources, the government appears to be open currently.

I know there is a budget deadline and the President has threatened to close the federal government if he doesn't get funding for the border wall, so maybe that is what you're referring to. But I don't believe that has actually happened yet.
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
SecondCor521 is offline   Reply With Quote
Old 12-03-2018, 10:50 AM   #20
Thinks s/he gets paid by the post
ExFlyBoy5's Avatar
 
Join Date: May 2013
Posts: 2,563
Quote:
Originally Posted by kgtest View Post
Kickin the can down the road. See a lot of that lately. I still believe after that awesome rally last week, we have about 2-3% more to climb before year end.


What I don't get is why did the Government decide to close? 17.5 more trading days to go. I've seen a lot happen in 17 days in the markets but usually not too much action around the holidays. Not in the past few years at least.
Are you talking about the markets being closed on Wednesday for Bush 41?
__________________

__________________
Retired in 2014 at the Ripe Age of 40
Founder and Head Lounger @ The Life of Leisure Institute
ExFlyBoy5 is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Mechanics of a Tariff ???? frayne FIRE and Money 10 07-11-2018 07:54 AM
What do you do for stress relief ? Moemg Other topics 21 10-30-2007 08:54 PM
Relief about a "failure" Fireup2020 Other topics 4 04-07-2007 09:35 PM
Tax Relief and Health Care Act of 2006 wabmester Health and Early Retirement 2 01-03-2007 03:04 PM

» Quick Links

 
All times are GMT -6. The time now is 09:56 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.