Tariffs delayed!!

Well as soon as I posted my last post, seems like someone was listening and now the tariffs set to go into affect dec 15th have been delayed! So instead of futures trading down 110 points , they completely turned around and are now positive! Right now we are looking at a 150 point turnaround on the announcement!


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Trade deal unlikely this week

The futures took a sharp decline this morning of roughly 110 points after a report came out of China that stated that the US and China will likely not reach a deal this week. Could see some accelerated  selling as well if traders are looking to lock in profits after this amazing year. Remember, new tariffs go into affect on the 15th if nothing changes and if that happens the likelihood we will get a trade deal in 2019 is low.. could be a rough end to the year on the market..

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What a day!

The Dow finished up over 330 points after a blockbuster jobs report that was released at 830am this morning! It’s amazing to see take a look at some of the internals when this happens. Even though the market flew higher, some of the high growth, low earnings companies like
Salesforce, OKTA, Atlassian, and Slack all finished in the red. You can see the flight to quality where big name blue chips and banks rallied.

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Northrop Grumman, Costco, and Target

These are my latest 3 stock purchases. I bought shares of all three while the market was down over 400 points the other day. As I have stated before, I love a good buying opportunity and I believe one presented itself after the market tanked on Trumps latest China news. The headlines and tweets make it seem like a deal is for off, with Trump saying he would be fine waiting until after the election to make a deal. December 15th, is the date to watch now as that is the date where additional tariffs go into affect. If we are able to get a delay on those, it would show progress is being made and the market will rally, if not the market will drop and it will be another buying opportunity. I have started to position myself for 2020 and I’ll talk more about that in a later post.

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