TESLA Takes a “Turn” for the Worse (Chart of the Day 24) On the left is the weekly chart for Tesla (TSLA). The once high-flying automaker is at a critical crossroads. The stock has recently traded BELOW $200, down nearly 50% in just a few months. Tesla, and by extension, founder Elon Musk, has had […]
Important Market TOP Forming? The charts have turned VERY ugly even as the news remains relatively benign. It’s tempting to blame the recent market volatility on the ups and downs of the prospects for a US/China trade deal. The timing of the sudden market plunge points the finger squarely at Trade Tensions. “Trade Tensions […]
Did Cryptocurrencies “Win” the Trade War? Long time readers of Markonomics101 know that No One Wins a Trade War. “Can Anyone Win a Trade War?”. (https://markonomics101.com/2018/07/09/can-anyone-win-a-trade-war/). Trade Wars do have winners, however. Most notably are the industries and workers in sectors most threatened by lower cost foreign competition. Traditionally, the imposition of Tariffs […]
Triple Peaks For Stocks? Market conditions seem to have turned on a dime. Just 6 trading days ago, several major indexes were grinding to new highs and threatening to go much higher. Then came the flare-up in Trade tensions with China and suddenly the health of the markets took a nasty turn for the worse. […]
Trade Tensions Topple Markets Fresh from making new ALL TIME HIGHS, stock markets were jolted last Sunday by the news that the long awaited trade deal with China was in trouble. Reportedly, certain concessions by China were withdrawn, triggering a tweet from President Trump threatening to raise Tariffs on Chinese goods from 10% to 25%. […]
