Notes On Trade War Between US And EU -- July 25, 2018

Updates

Later, 7:08 p.m. CDT:

Original Post 

Notes from July 25, 2018, to draft status.

Updates

July 25, 2018: now the press conference with President Trump on trade with Europe -- comments or paraphrased comments from the president and EU Mr Jean-Claude Juncker -- and my comments

• CNBC actually televising the press conference; after the press conference -- very, very short conference -- CNBC already trying to minimize it
• back to FBN;
• Trump has achieved his goal to bring the EU to the negotiating table
• both sides will work toward zero tariffs -- which would be called "free trade" -- unlike the 275% Canadian tariffs on US dairy products which most pundits currently consider "free trade"
• obviously the EU had to save face; Trump had no such concerns; something tells me it's even more tense (for the EU) behind the scenes
• direct swipe again Russia/Putin on energy -- a big, big deal but anti-Trumper pundits respond that "the devil is in the details" -- well, duh, of course 
• but this is a huge deal -- maybe; we'll see tomorrow; one talking head predicts a big sell-off tomorrow when the excitement wears off

July 25, 2018: starting at 3:01 p.m. CDT; comments from FBN -- these are not my comments -- these are comments or paraphrased comments from Fox Business News --

• one talking head suggests there could be sell-off tomorrow if this story turns out to be smaller than it really is
• what an exciting day to be watching the market; waiting for the press briefing in the Rose Garden
• FBN says it was seemingly summoned to the Rose Garden "out of nowhere": open press event
• [momentary switch to CNBC -- still minimizing the story; same talking heads trying to talk this market down]
• many tech stocks at an all-time high
• wow, wow, wow -- one of my largest portfolio holdings was in the "red" all day; at the close it was still showing "red," but now, minutes after the close the account has turned "green" -- and it's a significant "green"
• can't wait to catch Jim Cramer tonight

July 25, 2018: my hunch is that the Rose Garden press briefing was "delayed" until the close of the market.

July 25, 2018: comments from FBN -- these are not my comments -- these are comments or paraphrased comments from Fox Business News --last note, 3:01 p.m CDT

• a huge victory for Trump
• could be a summer to remember
• FBN analysts are "going nuts"
• if you feel this is momentum, it may be time to "play" the China market
• everything who sold off and went into cash, or treasuries --
• this market is going to go a lot higher
• snap back rally
• one of the most significant trades we've seen in generations
• more breaking news: auto tariffs -- fine tuning language specifically on auto tariffs
• GM coming back
• European auto makers moving higher
• Ford is reducing its sessions losses; F is literally straddling the "flat" line

July 25, 2018: the Dow was down slightly all day; it will close almost 200 points up on breaking news from the White House -- on auto tariffs

July 25, 2018: even more incredible -- CNBC is avoiding the story. Has gone to commercial. Fox Business News has the news -- S&P 500 now out of "correction" territory. Spikes in all indices. This is absolutely incredible. Anybody who listened to Trump's speech yesterday, again, Trump pegged it exactly right. He intimated that we would see something today.

July 25, 2018: holy mackerel. If you are not watching the market today -- in the last 30 minutes, you are missing a historic event.