President Trump has a new calculation relating to his reelection and China tariffs. The calculation centers around a potential “President Biden.”
• The second chart was published before the breakdown of trade talks. The chart shows two potential traps — a bull trap and a bear trap. The previous calculation was that Trump needed the China trade deal for his reelection, and for that reason a trade deal was imminent. Short-sighted investors were even rooting for a softer trade deal that would have not been good for the United States in the long term. You may recall that The Arora Report took the position that investors should be concerned about both the upside and the downside in the stock market as a China deal was not a sure thing.
• The new calculation is that a “no trade deal” with China helps Trump get reelected against Biden. A softer trade deal with China may result in Biden becoming president.
TheAroraReport Read how Trump is lying to you about China tarrifs. This economy is now the Titanic. Trump will get voted out by a huge majority.
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Fuente: CNBC - 🏆 12. / 72 Leer más »