I can not speak further, but heard from reliable Bloomberg audio Trump is putting 25% tariff across imports (more than 200B even though they claim 200B only) from China.
With this statement, I do not want to have any current mfr company stock, very few exceptions like AAPL, as most of MFR company pays 25% cost over run that affects Profit margin.
If this comes out, before Oct 1st, stocks won’t stay in peak.I sold many of my stocks today. I would have sold AAPL too, but kept it as they partnered with Foxconn to have US Manufacturing.
We will come to know everything in just 20 days, let us wait and see.
Trump is changing the equation, using simple concepts, drastically and next 6 years it will be like this !