US and China Tensions Are Going To Get Worse Before They Get Any Better

May 24, 2019

With limited economic data on tap for next week Marc Chandler and I focus on the tensions between the US and China. The trade war has been the largest influence on the markets recently and will continue to be as Marc predicts that things are only going to get worse. We discuss the possibility of China dropping out of the WTO or the US setting up a whole new organization that restricts China from joining. A lot of questions still to be answered and the markets will be volatile through it all.

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    May 24, 2019 24:26 AM

    /ES…..we are building cause at these price levels for the next leg down…The targets well below…The low /ES of the consolidation thus far is at 2316.75

    May 24, 2019 24:27 AM

    And rightly so.
    You don’t seriously think China wants to play fair!
    They will steal Intellectual property from the U.S. until stopped.
    They will then concentrate on stealing it from European countries, which don’t have the guts to stop the theft.

    May 24, 2019 24:31 AM

    China has set up its own GPS system.
    Is trying to have an alternative to the SWIFT system.
    Why do you think China would not replace WTO with an alternative if it would advantage them?
    They already seem to have the UN voting with them (or anti-U.S.)