WATCH FOR CHINA'S RESPONSE TO TRUMP!
On Friday we saw President Donald Trump speak about the US's current relationship with China. Many investors were fearful before the press conference as they were unsure what actions the President would take.
At the press conference Trump stated he has intention on revoking Hong Kong's special customs with the United States. This was actual something the markets didn't move much to as it was expected. But, Trump also said he is doing a study of Chinese and American companies/markets to see what further actions need to be taken.
In typical Trump fashion he was sure to add whatever actions he takes will be best for American investors and that American investors will be protected. The market loved this and fucking shot up right before close. I'm sure that was all apart of Trump's plan as the man was 45 minutes late to the conference.
This week in the market, investors should be aware of China's response to Trump's statement. Being that Trump actually didn't do anything unexpected for once, I think the markets could move a lot more based on what action China decides to take. Whether its positive or negative news I expect some volatility to come back into the market when China answers to Trump.
Think of it like one big game of economic chess. And it's China's move.