TECHNOLOGY BAN SPREADS AND THE NEXT SHOE TO DROP IS AHEAD — PROTECT YOUR PORTFOLIOS $SPY $QRVO $AAPL $AMZN $QCOM $INTC $QQQ $AMD $PSQ
President Trump’s ban on supplying technology to Huawei, the Chinese telecom giant, is spreading beyond U.S. shores.
Companies in Europe and Japan are beginning to halt some shipments to Huawei. The reason is that the underlying technology is American technology. I will explain later in this column about the next shoe to drop in this trade war. Above all, investors ought to look at protecting their portfolios. Let’s explore with the help of a chart.
Chart
Please click here for an annotated chart of Nasdaq 100 ETF QQQ. Similar conclusions can be drawn from the charts of the Dow Jones Industrial Average DJIA and S&P 500 ETF SPY.… Please click here or the title below to read more.
May 23, 2019