China trade deal
Just in case anyone wondered: The details of this farcical agreement will never be made public, nor will any ceremony signing happen. This isn't a deal at all, but 2 leaders afraid of a market collapse going into Christmas and New Year. And BTW that isn't unfounded either, because the money creator and guarantor of debt of last resort. AKA. US Fed. Announced. 500 billion dollar repo injection at end of year. Please don't call this QE. Or the near 100 billion per month of repo ( which btw is greater than the 80 billion at peak of 2013 or QE3.
( pause for audible laughter now)
no, my friends, Huawei is being targeted globally and the goal is to destroy it. This runs at odds with China's vision of being the 5G global leader hmmmm. This is serious dichotomy of futures. Therefore whatever you hear in mainstream media, This week China has made the decision to remove all non domestic computers and software from businesses in China. No small order. And not reported widely either. The only reports that seem to get attention are the never ending "deal done" rumours. And those are usually 3 or 4 per week. Btw, if markets rise 100 pots every deal done rumour and this is been going on for what 6 months, how much of S&P gain is built in? Never mind.
I would quote or link the military comments and NATO Rhetoric but I think most know that a rising economic power cannot be allowed by the hawkish US Administration. Thus, in reality, no trade deal of any consequence will be done. More likely more confrontation in Pacific and in Middle East.
in summary, a wake up call has been issued to all Western military about things like critical metals and secure domestic chains. Domestic being the key word here. But it may be bumpy, as China is not Yugoslavia or Libya. And Russkies are also lining up economic plans with them. As an example the biggest military drill with China Russia and India in history are happening this month.
my personal take? Despite the possible mayhem and the obvious ugliness of wars, I believe all the above will be the major catalysts of the emergence of the New Ucore and the rise of the sector, overtaking in time the current leadership group of Equities.
on Today's market action..... it's all to be expected. It was one simple news story, but the follow up will be much more detailed and definitive. That along with corporate progress by Ucore will take it over the highs of last year .25. And legal victory of MRT will unleash the price never to return, to its modest 2019 levels.
that's all folks
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