STOCKS WILL CRASH IF TRUMP KEEPS HIS PROMISE IN HIS MEETING WITH CHINA’S XI $AAPL $AVGO $IBM $NKE $MMM $NVDA $SWKS $WYNN $UTX $YUMC $SPY $QQQ
The high-flying U.S. stock market will crash if President Trump keeps his promise of trade protectionism against China. Please note that I used the word “will” instead of “might.” That’s quite a conviction on my part, given my second law of investing states: “Nobody knows with certainty what is going to happen next.” The timing is critical, as Trump is meeting China’s President Xi on Thursday. Here is a good summation of Trump’s harsh positions on China over time. Trump last week predicted a “very difficult” meeting with Xi because of “massive trade deficits and job losses.” Due to the