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Futures Market Insight w/John Caruso – 08/23/2019

Posted 08/23/2019 2:29PM CT | John Caruso

Now that Trump has labeled Xi “the enemy”, and has ORDERED ALL U.S. COMPANIES OUT OF CHINA – we’ve reached a very dangerous/heightened state in this trade war….now it’s tit for tat until somebody gets maimed. To state the obvious, Xi is president for life, Trump perhaps has 1 more year left. The heat is likely going to get turned up from here. Do you think China’s announcement of tariffs 2 hours ahead of Powell’s Jackson Hole speech was a coincidence? To be quite honest, and this may be a little bit of a “hot take”, but anything short of QE by the Fed, the market may act as if its “NOT DOVISH ENOUGH”. 

Also, this last melt up in the dollar may have been all she wrote and this fits within our model suggesting inflation will reaccelerate in Q4 2019.   

I’m not a foreign policy expert, far from it, and I’m very apolitical when it comes to trading, but this has gotten borderline out of control. Labeling Xi and Powell enemies is not the correct approach.  And I do believe confronting China on is 100% NECESSARY for the long-term interest of the United States, but  this is turning into a shit storm of epic proportions.  Headed out for the weekend.  Have a good one.

Feel free to reach out to John Caruso at jcaruso@rjofutures.com or 1-800-669-5354 if you’d like to get a 2 month free trial of our proprietary trade recommendations by email. 

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John Caruso

Senior Market Strategist
Follow John on Twitter @JCarusoRJO. John began his career at Wilshire Quinn Capital, a Wealth Management Firm based out of Los Angeles, California. Prior to becoming a broker he did some individual trading on his own, where he first began to study and interpret different market strategies and ideas. In 2006 John moved over to Lind-Waldock where he began to service clients as a professional broker. He joined RJO Futures in 2011.
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