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Aug 12 - Dow drops 450 points. Trade war fears just won't go away


 
 
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 1 week ago '06        #1
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RAZAH CUTS 6857 heat pts6857
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$60,415 | Props total: 41360 41360
Aug 12 - Dow drops 450 points. Trade war fears just won't go away
 

 
New York (CNN Business)Wall Street's trade war anxiety isn't going away.

The Dow dropped 450 points, or 1.7%, on Monday afternoon. The S&P 500 and Nasdaq lost about 1.6% apiece.

The selling comes as investors brace for the US-China trade war to deal more damage to the global economy. The risk is that the tit-for-tat tariff battle between the world's two largest economies could turn the economic slowdown into a recession.

"The ongoing trade dispute between the US and China appears to have escalated into a full-blown economic conflict," David Kostin, chief US equity strategist at Goldman Sachs, wrote in a note to clients.

China-sensitive stocks including Caterpillar (CAT), Deere (DE) and Boeing (BA) all declined more than 1%.
Goldman Sachs raised its estimate of how much the trade war will hurt the economy. The firm now expects fourth-quarter US growth to slow to 1.8%, compared with 2% previously.

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Trade tensions spiked earlier this month after President Donald Trump vowed to impose a 10% tariff on $300 billion of US imports from China. Beijing allowed its currency to sharply lose value, raising fears of a currency war.

Investor sentiment was further dented on Monday by rising concerns about the pro-democracy protests in Hong Kong. Hundreds of flights to and from Hong Kong were canceled on Monday as protests forced the shutdown of the city's airport.

Beijing condemned the protests as "terrorism" and state media published a video showing Chinese military vehicles on Hong Kong's border.

The iShares MSCI Hong Kong ETF (EWH) tumbled 3% on Monday, leaving the fund down 13% so far this quarter.

Nervous investors continue to seek shelter in safe havens. Gold climbed back above $1,500 an ounce on Monday.

The rush into ultra-safe government bonds have caused Treasury yields to collapse. The 10-year Treasury rate tumbled below 1.7% on Monday, a sharp slide from 3.2% last fall.

US stocks declined last week for the second week in a row. The S&P 500 is now sitting about 5% below the all-time highs set in late July prior to the outbreak in trade tensions.

"The bear is alive and kicking," Morgan Stanley equity strategists led by Michael Wilson wrote in a note to clients on Monday.

Financial markets have performed poorly even after the Federal Reserve granted investors' wishes by lowering interest rates in late July, the first rate cut in nearly 11 years.

Rather than the trade war, Wilson argued investors are reacting negatively to the realization that the Fed has gone from very hawkish to very dovish due to the darkening economic environment.

"The Fed has reversed its position over the past 9 months because the outlook for the economy, both here and abroad, deteriorated significantly," he wrote.


visit this link https://www.cnn.com/2019/ .. war/index.html
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153 comments
 

 1 week ago '12        #2
OldBusiness 183 heat pts183
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#maga
+7   

 1 week ago '17        #3
Ymmot 22 heat pts22
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And the President is busy tweeting out conspiracy theories.
+8   

 1 week ago '19        #4
Gold Face 3 heat pts
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Ima tel you like i told you last time a thread like this got posted last week

Buy today buy today buy today

Volatility is a traders dream. Y’all don’t hear me tho
-5   

Top 10 most propped recently  1 week ago '18        #5
Juliette DaBlok 27 heat pts27
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InB4GoldFace tells us how this is something positive that is making him Money
+5   

 1 week ago '15        #6
PineappleOG 51 heat pts51
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 Gold Face said
Ima tel you like i told you last time a thread like this got posted last week

Buy today buy today buy today

Volatility is a traders dream. Yíall donít hear me tho
Follow your own advice you broke bi*ch, then maybe you can quit your bullsh*t uber job or whatever made up job you have
+2   

 1 week ago '19        #7
Gold Face 3 heat pts
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 PineappleOG said
Follow your own advice you broke bi*ch, then maybe you can quit your bullsh*t uber job or whatever made up job you have
Logging online to tell a stranger their broke.

You mad as fu*k


-3   

 1 week ago '15        #8
PineappleOG 51 heat pts51
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 Gold Face said
Logging online to tell a stranger their broke.

You mad as fu*k


Was already logged on, just had to tell you that you broke af. Need to stop buying all them pizzas so people wonít bully you @
+1   

 1 week ago '19        #9
Gold Face 3 heat pts
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 PineappleOG said
Was already logged on, just had to tell you that you broke af. Need to stop buying all them pizzas so people won’t bully you @
Another internet bully expressing his pain online

-2   

 1 week ago '15        #10
PineappleOG 51 heat pts51
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 Gold Face said
Another internet bully expressing his pain online

Does that mean you gonna send me a pizza?

Scared bi*ch
+2   

 1 week ago '19        #11
Gold Face 3 heat pts
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 PineappleOG said
Does that mean you gonna send me a pizza?

Scared bi*ch
Wtf ? You lost me bully

-2   

 1 week ago '15        #12
PineappleOG 51 heat pts51
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 Gold Face said
Wtf ? You lost me bully

@ dude playing dumb now

 1 week ago '19        #13
Gold Face 3 heat pts
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 PineappleOG said
@ dude playing dumb now
Thread was a whole bunch of trollin and you the only person who took it seriously months later

Lmao
+1   

 1 week ago '17        #14
Ifeellikekobe 114 heat pts114
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 Ymmot said
And the President is busy tweeting out conspiracy theories.
And golfing.

 1 week ago '18        #15
DUCEDUCE 13 heat pts13
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 Juliette DaBlok said
InB4GoldFace tells us how this is something positive that is making him Money


You still came in late.
+4   

 1 week ago '19        #16
Gold Face 3 heat pts
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 Juliette DaBlok said
InB4GoldFace tells us how this is something positive that is making him Money
 DUCEDUCE said


You still came in late.
Here you guys are clowning sound advice

You wonít invesrt any money

My money will increase

Donít spend all those thiumbs up in one place

Top 10 most propped recently  1 week ago '18        #17
Juliette DaBlok 27 heat pts27
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 DUCEDUCE said


You still came in late.
How is that possible

**scrolls up**




This dude is quick
+2   

 1 week ago '18        #18
DUCEDUCE 13 heat pts13
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 Gold Face said
Here you guys are clowning sound advice

You wonít invesrt any money

My money will increase

Donít spend all those thiumbs up in one place
What platform you use to trade? What is your average return year to date? How much you got invested?
+1   

 1 week ago '11        #19
whouthinkitis 23 heat pts23
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Trump gone fu*k around and tank the economy if he go through with this tariff war. The U.S. will be in worse shape it was during the '08 recession.
+3   

 1 week ago '15        #20
Prad Bitt 
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 Gold Face said
Logging online to tell a stranger their broke.

You mad as fu*k


Yo B u up a quarter and thatís 20%, u buying $1 shares or portfolio a 1$
+1   

 1 week ago '15        #21
Prad Bitt 
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 whouthinkitis said
Trump gone fu*k around and tank the economy if he go through with this tariff war. The U.S. will be in worse shape it was during the '08 recession.
Stage already set, one more interest rate cut and the final wealth transfer from middle class to wealthy will commence.


+3   

 1 week ago '19        #22
Gold Face 3 heat pts
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 Prad Bitt said
Yo B u up a quarter and that’s 20%, u buying $1 shares or portfolio a 1$
20% on a penny stock made me 2500 in a day

Meanwhile my holds which I won’t mention cause boxden is haters are up 5% year over year for the last 4 years

I’m no Gordon gecko but I’m no slouch
+1   

 1 week ago '15        #23
Prad Bitt 
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 Gold Face said
20% on a penny stock made me 2500 in a day

Meanwhile my holds which I wonít mention cause boxden is haters are up 5% year over year for the last 4 years

Iím no Gordon gecko but Iím no slouch
Co-sign, weíve rapped before. Hoping GNLN turns up rapidly bought in near 52W low
+1   

 1 week ago '19        #24
Gold Face 3 heat pts
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 Prad Bitt said
Co-sign, weíve rapped before. Hoping GNLN turns up rapidly bought in near 52W low
Bargain hunter

I like your style

Good luck man
+1   

 1 week ago '17        #25
Ifeellikekobe 114 heat pts114
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Lets check trump's thoughts on the matter


Nope nothing. Oh that poor boy is lonely


But he has time to watch the mooch on tv

+2   





 


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