The trade war has escalated further this weekend.
One look at Apple’s stock price and you can really see the damage. The stock was $218 after reporting earnings and since Orange Julius tweeted about the third tariff to begin September 1, the stock has dropped to $198. That is $100 billion or so.
The President does seem to enjoy moving stocks and the stock market which I guess is good for Twitter and bad for most of the rest of us that follow the markets.
The senseless gun violence and senseless tweets are driving gold and Bitcoin higher.
As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.