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  • Concern over US sanctions on China begin to weigh on the breakout

    From hmarkets.com

    As has so often been the case in recent weeks, unrestrained hope of economic recovery that comes with a vaccine is short-lived. Traction in the breakouts for risk appetite is difficult to maintain as markets always have a “but” as a restraining caveat. COVID-19 vaccine hopes and talk of more stimulus from Japan are helping to hold a degree of positive market sentiment, but the prospect of US sanctions on China are looming like dark clouds on the horizon. The US is opposed to China extending the security legislation in Hong Kong. Sanctions are being considered which would threaten Hong Kong’s status as a ... (full story)

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  • May 27, 2020 8:07am May 27, 2020 8:07am
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  • Joined Jan 2007 | Status: Member | 1,944 Comments
Think Trump W.H. will be ramping up economic pressure with new Tariffs on commerce and sanctions aimed at individuals.
Stance taken based upon thought that China does not live up to its agreement from Past with Hong Kong so no reason to believe it will Live up to any future agreements in other matters.

More then just symbolic action is required at this stage of process. Economic pressure applied that is Real and painful for Xi.
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  • May 27, 2020 8:18am May 27, 2020 8:18am
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  • Joined Jan 2007 | Status: Member | 1,944 Comments
Tariffs specifically aimed at PRC also opens the door for substitute product to enter US from countries who are Friendly. With consumption already weak it will not take much to eliminate made in China brand on US shelves.

Trump would have to give up on his goal to get US farm product purchased by PRC, but that does not appear possible at this time in any case.

So far he tends to waffle when it comes to hard decisions, but does take them when there is no other recourse.
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  • Posted: May 27, 2020 3:46am
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     HantecRich
    Category: Technical Analysis
    Comments: 2  /  Views: 4,782
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