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@theMarket: Trump's $50 Billion in Chinese Tariffs Trashes Markets
By Bill Schmick,
10:46AM / Saturday, June 16, 2018
Investors waited all week for President Trump's verdict. On Friday, he did not disappoint his followers. He decided to move ahead with plans to slap $34 billion in tariffs on Chinese imports. Stock markets worldwide fell on the news as investors await a Chinese response.   And China will respond. Chinese trade officials have already outlined their planned retaliation. China will match Trump's 25 percent tariff on 818 products by doing the same on 106 American goods worth about $50 billion.   We can expect an accelerating war of tit-for-tat tariffs in the weeks ahead. For example, the United States Trade Representative plans to add an additional 284

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@theMarket: Another Week of Market Volatility
By Bill Schmick,
04:29PM / Friday, June 01, 2018
As the month wound down, so did stocks. Pronouncements from Washington dominated the market's direction on a daily basis. We can expect to see that trend continue as the summer doldrums reduce liquidity and exaggerate market swings.   The adage of "sell in May," however, did not fulfill the bears' expectations this year.   Actually, the month of May has been pretty good for stocks recently. The S&P 500 Benchmark Index gained a smidge over two percent for the month this year. That's not to say those gains were easy. The stress level for those who are trying to trade this market is through the roof.   And that's because

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@theMarket: Nothing Memorable in the Markets this Week
By Bill Schmick,
04:35PM / Friday, May 25, 2018
Most indexes ended the week where they started. While day traders may have lost or gained from intraday moves, serious investors simply ignored the constant and contradictory stream of news coming out of Washington.   It isn't worth the space to comment on all the on-again, off-again series of tweets and statements that has become part of our daily diet. The main events that did carry some substantive weight were the House rollback of the Dodd-Frank rules. This easing of regulations on all but the largest banks, removes the required ‘stress tests' from most banks. While it relaxes some of the more stringent rules on banks, it does continue to regulate those

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@the Market: Stocks Look Ready to Reach New Highs
By Bill Schmick,
10:25AM / Saturday, May 12, 2018
The S&P 500 Index had its best week in two months. All the averages made good gains and investor sentiment numbers are improving. We could see a return to the January highs before summer unless something comes out of left field.   Left field has become a familiar place for the markets under the present political regime, but not all the news has been negative on that front. Take the release of three American prisoners by North Korea as an example. Kudos to the president for that one. Then there is the Iran nuclear deal — another campaign promise kept. Why are these important?   An American politician willing to keep his campaign promises is a historical

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@theMarket: China Worries Dominate Markets
By Bill Schmick,
04:59PM / Friday, May 04, 2018
You would think an unemployment rate that hit 3.9 percent in April would have cheered the market. It was, after all, the lowest such rate in 18 years. But no, all eyes were focused on the first round of China/U.S. trade talks, which conclude today.   The American team includes Commerce Secretary Wilbur Ross and two, hardline China hawks: Robert Lighthizer, our trade rep, and the administration's trade and manufacturing adviser, Peter Navarro. U.S. Treasury Secretary Steven Mnuchin heads the team that is trying, according to the President 's tweet, "trying to negotiate a level playing field."   What we would like to see from the Chinese is a

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