Friday, September 7, 2018

FRIDAY 9/7/18; China Awaits Potential $200 Billion in US Tariffs; US Monthly Jobs Report; Fed Speak; President Trump Threatens China with $267 Billion Additional Tariffs on Top of the $200 Billion Creating a Stock Market Selloff

Euro 1.1623. Euro/yen 128.67. Dollar/yen 110.666. Pound 1.2928. Euro/pound 0.8991. Mexican peso 19.2353. Canadian dollar 1.3154. Dollar/yuan 6.8355. Indian rupee 71.99. Aussie dollar 0.7198. The New Zealand dollar, kiwi, is at 0.659 as RBA Governor Orr comments on the dominance of short-term thinking in financial markets.

US futures are 


[Blog text is redacted. Purchase the September publication 2018-09 that explains the moves in global stock, bond and Forex markets.]

TSLA bounces +0.5% clawing back a smidgeon of its -6.3% loss during the regular session on news that Tesla managers and executives are appointed to new positions. TSLA is bludgeoned -13% this week and down -32% off its top one month ago when CEO Musk allegedly fabricated the story about Tesla going private. If you owned $18,000 in Tesla stock in early August it is now worth $12,000. Musk the party-boy is out of control and behaving erratically.

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