down another 2.25% today. ouch almost everything I'm holding is under pressure. Financials, tech, China. I was holding some vxus and vss for international exposure and to stabilize the portfolio a bit. That's not working out
petition to shut down all markets until trade wars is resolved.
Baozun is down 20% in the past 5 market days :-) [Reply]
Originally Posted by philfree:
I have a lot of cash I want to invest in the market but they're making ithard for me to be a bull.
Which is usually the time to invest.....though I think things will be shaky until the midterm elections are over, personally. If the Democrats win the House or even mores so, the House and Senate, Wall St. will probably take a huge dump on fears of tax cut reversals, regulation increases, etc.. [Reply]
Originally Posted by petegz28:
Which is usually the time to invest.....though I think things will be shaky until the midterm elections are over, personally. If the Democrats win the House or even mores so, the House and Senate, Wall St. will probably take a huge dump on fears of tax cut reversals, regulation increases, etc..
That might push us into a full bear market but trade war paranoia is gonna get us a correction now.
Originally Posted by philfree:
I have a lot of cash I want to invest in the market but they're making ithard for me to be a bull.
The market wants to go up. Companies were having great earnings and then tax cuts provided even better. Small caps which don't have as much exposure internationally were having a good year. Though they got hammered a bit yesterday w/ the down June consumer confidence report.
Were going to get GDP numbers this morning. I'd probably avoid going in now though too. July 6th is the date were supposed to put the initial tariffs on China. If we don't get a deal before then I don't know how bad it could get. We've made this so public they almost have to put up a hell of a fight or look weak
e: GDP revised down from 2.2 to 2.0%. Weakest consumer spending in 5 years. The good news just keeps rolling in :-)
GDI was revised up though [Reply]
Originally Posted by petegz28:
Which is usually the time to invest.....though I think things will be shaky until the midterm elections are over, personally. If the Democrats win the House or even mores so, the House and Senate, Wall St. will probably take a huge dump on fears of tax cut reversals, regulation increases, etc..
Emotionally I agree....but history says thats probably not the case. I dont want the dems in charge at all but Id be more comfortable with Trump if he would focus on better things and :-) on all this tariff bullshit. He has to get right with Canada and mexico. And stay away from foolish shit with the EU. [Reply]
Originally Posted by HonestChieffan:
Emotionally I agree....but history says thats probably not the case. I dont want the dems in charge at all but Id be more comfortable with Trump if he would focus on better things and :-) on all this tariff bullshit. He has to get right with Canada and mexico. And stay away from foolish shit with the EU.
BAC announcing 25% dividend increase and 20 billion share buyback over the next 4 quarters
Originally Posted by :
JPMorgan Chase’s Board of Directors intends to increase the quarterly common stock dividend to $0.80 per share (up from the current $0.56 per share), effective the third quarter of 2018 and has authorized gross common equity repurchases of up to $20.7 billion between July 1, 2018 and June 30, 2019 under a new common equity repurchase program.
This markets been relatively placid and slightly sanguine running into the beginning of this conflict. Priced in and blah blah. The first part of the tariffs on China goes live at midnight. They've already outlined their response will be more pork tariffs, corn & soybeans, etc.
I suppose we'll know if they'll really retaliate by the morning and if we'll get into a back and forth tit for tat. We'll get more jobs report data tomorrow and the hourly wage report in the morning. [Reply]
