Second White House Stock Market Warning This Month
It was the beginning of the month that US Commerce Secretary Wilbur Ross made similar warnings.
Trump told CNBC late last week, "This is the time, this is the time, you know the expression we're playing with the banks money."
Trump knows casinos and being up on the "house's money." He expressed that the stock market being up a lot since his election win affords him some room to take on some trade war risk.
That should be taken as a clear warning of more market risking tweets and decisions coming in the future.
Wilbur Ross said earlier this month the stock market will have some "hickups" thanks to trade and that the "level of the stock market" is not going to affect their trade policy. Trump's calls last week echo Ross's warnings.
Sure enough Trump tweeted on Friday that China and the EU are manipulating their currencies. China has been letting their currency drop which has led to global market risk and currency contagion risk in the past.
So far the stock market has taken the warnings in stride but we're keeping a close eye. For now earnings are what appears to be supporting stock markets. We are bullish on earnings.
Hitting Tech Stock Earnings Home Runs
We spoke to the top tech companies over the last few months to identify what tech stocks have home run earnings potential. Earnings are what drives stocks, especially tech stocks. Finding those few tech stocks that have realistic earnings trajectories way above the Street can give you conviction to see a stock through to big upside. Dip your toe in the water with a free trial.
We're about to hit our prime time, earnings season.
All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless.
We have no holdings in the stocks mentioned unless otherwise noted.