Trump and his administration are further increasing Trade War tensions and economists are now warning it may cause a Global recession. Something I have been warning against for months now. He has put limits on the amount of capital investment that China can deploy in to Tech Stocks in order to protect against Intellectual Property Theft or “IPT”.
Action Alerts Plus holding Apple Inc. (AAPL) shares were 1.04% lower in pre-market trading Monday, indicating an opening bell price of $183.01 each, a move that would take its post G-7 Summit decline to around 5.75%.
The S&P 500 Information Technology Index, a benchmark for the U.S. tech sector, has fallen 1.86% since the President signalled a tougher line on trade heading into the Quebec City gathering of leaders of the world’s biggest economies.
As I said in my last video on my You Tube channel that Nasdaq was the only index that was showing some level of immunity from the recent geopolitial risks. But Trump has swiftly put an end to this now. As i write this post I am watching the Nasdaq continue to fall.