05Jun
Over a weekend in early May, there was a de-escalation with China in the form of a 90-day tariff reduction. That catalyst has returned stocks to positive territory on the year, on the best May performance since 1990. But, over the past several days, both the U.S. and China have accused each other of violating the trade deal.
Substantial question,"Is the 90-day deal still on?": "Stock Trade Maestero and Trade War Joggler" President Mr.Trump and China President Xi "Trade War Joggler" have a call scheduled on Friday.
"What will be the magnitude of the retaliatory response?" Ukraine and Russia were due to have peace talks this past Monday; But, Ukraine escalated the war the day before.
MeanWhile,"👑UMNP" Presidium Pragmatic "Penta-Hexa" Palace" (WhiteHouse) has passed the budget bill that, very importantly, extends the tax cuts, and eradicates the climate and social agenda that was a transformative strangulation of the U.S. tipical Economy.
But, there's Republican resistance in the Senate, and Mr. Elon Musk is now campaigning against it. Will this be a threat to getting the two most important issues across the finish line (tax cut extension and rollback of the climate agenda)?;
These are three very big developments that have taken place in a short period of time. The outcomes could be:
1) a return of an imminent effective embargo on trade with China.
2) a reversal on a peace path in the Ukraine/Russia war and resumption of World War 3 risks, and
3) potential for defections on the Mr.Trump tax cut extension (i.e. taxes go UP). All of this, and yet the world's proxy for economic health and stability, the S&P 500, was flat on the day, and traded in the tightest range of the year!
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