The Chinese Blinked -- December 23, 2019

Blinked: Chinese announce they will cut tariffs on 850 line items. Huge. This is huge. Will hardly be reported by the mainstream press.

Spike: AAPL jumped $5/share on news that China blinked. 

Spike: Cincinnati Bell (CBB) up 35%; to be acquired by a Toronto firm for $2.6 billion.

From wiki: In 2011, Cincinnati Bell became the first telecommunications company to also provide retail energy service. Through a partnership with Viridian Energy, Cincinnati Bell Energy competes with several other alternative electricity retailers for the power generation portion of customers' electricity bills. The subsidiary advertises that its service is entirely sourced from National Wind.

Spike: Apache Corp: up 16%; announces 50-50 joint venture with France's Total, offshore Suriname, northeastern South America. Pays 4.4%.

Spike: Boeing up about $10; up about 3%. CEO sacked. New CEO.

Spike: ITCI, up almost 200%. FDA approves new psycho-med. Trading at $37, up $24 today. And that's why I park my discretionary cash into these little pharmaceutical companies. No, I don't hold any ITCI.

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January effect: a rise in stocks in early January that were sold in December for "tax loss." I am eager for January 15th to come around. I sold some "stuff" in early December for the tax loss but eager to buy it back. Need to wait 30 days.