China's stock markets dipped briefly into the red, then closed up almost 4% as trade taxes on $200 billion in goods rose to 25%. What's going on?
China has a lot more ammunition than Trump or his advisors are telling him.
Shares of ABC found buying interest in the $72-$70 area in late December and again in April.
The e-commerce company's guidance might be the main culprit for its share price erosion after reporting first-quarter earnings that came in above estimates.
Cut lagging stocks and have a good reserve of cash on hand as the market prepares for further trade tariffs.
Because the news they access is filtered, Chinese investors have yet to factor in just how dangerously the trade talks now dangle.
Meanwhile, the bears are rubbing their hands together in anticipation of further downside as dip buyers feel far less confident.
Trade data out of China should have signaled that they must come to the table, but instead we are fed invincibility.
Asian markets have tanked on Monday after Sunday's aggressive tweets from Donald Trump.
As usual, the stocks that bounce back first are the tech stocks with little Chinese exposure and the consumer packaged goods that just demonstrated good numbers.