Winning!
(wall street will be just fine)
Markets tanking late in the day all week.
Anyone suspicious?
The big money is angry that Trump is doing things for America, and not for corporate profits alone.
Some people try to identify the causes
of the various bumps and dips in the market.
Some other people believe them.
The only thing I believe about the markets is that they are not rational. But somehow in the long term, they always end-up beating inflation. Even during the dead years of the obumber administration.
Let them reach....Go Trump
I would right now consider investing in RioTinto Alcan, Alcoa and Arconic, all companies that will benefit from import tariffs on aluminum into the USA from outside North America.
Earlier in the day the news was that the Tariff’s were propping the market up.
Steel imports paper: https://www.trade.gov/steel/countries/pdfs/imports-us.pdf
Canada at #1, China #11
Zerohedge article (pretty good for them):https://www.zerohedge.com/news/2018-03-01/white-house-preparing-impose-stiff-tariffs-aluminum-steel
500 point drop. It will be interesting to see if Trump decides to repeat this strategy with other imports. I’m thinking not.
These wall street robots don’t know that tariffs increase domestic profits....