Thursday, May 28, 2020

IJC 2M, CJC 25M

although IJC have come down to 2M, as expected but CJC are around 25M, which is a staggering number

2nd qtr GDP estimates -5.0%

market is stuck at 3000 & Trump is upset with China because he is screwed from the back, even though he got is tariff deal.

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give Trump some credit ...

instead of negotiating w/ US, China retorted to devaluing Yuan .. at the expense of Chinese people .. to maintain the country's competit...