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Weighing The Week Ahead? - Today's Editors' Picks

Market data chart with calculator

By SA Editors' Picks :

Good morning! I'm your curator, Jason Kirsch.

Here are today's Editors' Picks:

Chart of the day:S&P 500 performance last week

by contributor

Comment of the day, The Heisenberg

China has repeatedly warned that publishing a list in conjunction with the proposed additional tariffs would beget an immediate response and due to the fact that Beijing would be by definition unable to respond commensurately via tariffs (the U.S. only exports ~$130 billion in goods to China, so if the combined tariff proposals from the Trump administration were to exceed that total, Xi couldn't retaliate proportionately), it's likely that the discussion would shift to a possible yuan ( CYB ) devaluation and, in an extreme scenario, to the selling of U.S. Treasuries ( TLT ).My own view is (and has always been) that the potential exists for a miscalculation here. For instance, even if this is mostly posturing ahead of the midterms, it's entirely possible that if Trump were to push the envelope by, say, publishing another list, China could fire a warning shot with a drastically weak yuan fixing, destabilizing markets overnight. But assuming consensus is correct and this is mostly predicated on the midterms, then the idea is that the aggressive trade rhetoric could subside once the elections are over.

Image of the day:Zuck in front of the U.S. Senate

Quote of the day:

Do not mind anything that anyone tells you about anyone else. Judge everyone and everything for yourself. - Henry James

Thanks for reading. Please share your 'Editor's Pick' with fellow investors by posting it in the comments.

Have a great day!

Jason

See also Mammoth Energy: Unsustainable Contract, Sum-Of-The-Parts Indicate 50% Downside on seekingalpha.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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