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Charles V Payne @cvpayne
, 3 tweets, 1 min read Read on Twitter
The biggest culprits in selloff had nothing to do with fundamentals
-Trump trade tweet (the admin working on deal that's only news)
-Yield Inversion (signals recession in two years)
-Technicals (key resistance held triggered selling)
-Hard Brexit News
-Momentum Stocks Plunge
The sharp decline in housing noted by Toll Brothers is a big fundamental concern although prices even for their rich clientele gone too high. Selling triggers forced selling individual margin calls and several professional funds including quant funds.
The market is ranged bound for now which means wild gyrations in that trading band. The big focus is Friday's jobs report. I think the Goldilocks number is 200,000 to 220,000 and yearly wage growth less than 3.0%. Stay cool, keep head on swivel and remember its buy low sell high
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This is so disingenuous but not surprising. Bloomberg suggesting "woes" of richest company in world which got to keep tens of billions from Trump tax cuts should supercede fair trade and IP protection for all US co.s
Bloomberg hates Trump fighting back and upsetting the system that benefits billionaires at expense of American jobs. Is this the plareform Mike Bloomberg will run for president.
Let's stop hurting China's economy? Ironically China has hurt it's own economy with smoke and mirrors, ghost cities, debt crisis and capital flight. It's offset by stealing US know how
Read 4 tweets
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Watching China President Xi speech the China International Import Expo where he has used the words open and openness countless time stressing globalization can't be stop. Noting the law of the jungle where the winner takes all only represents dead end. But he is making promises:
1. Lower Tariffs
2. Increase imports by increasing incomes and spending = $30T next 15 years
3. Respect foreign related laws put in system of punitive compensation system to curb IP theft
4. Free trade ports with distinct Chinese features
5. Promote international cooperation
During the speech Xi has mentioned greater access to several sectors:
Financial services
Agriculture
Manufacturing

There are some good headlines ahead of the big meeting with President Trump at the G20 summit.
Read 3 tweets
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I'm an eternal optimist but realize there is too much media/elitist animosity toward Trump to see any real healing. I agree the Commander in Chief has to lead and when he does it should be reported without whataboutism currently used to mitigate every effort and accomplishment.
This weekend 34 shot in (3 fatally) in Chicago and media calls it "gun violence" never Bloods killing Crips and never blaming elected officials other than those in favor of the 2nd Amendment. Disingenuous reporting reporting has enabled the slaughter of inner city youth for years
There are sick people in our society for sure and career criminals whose sins we should never ascribe to others. That said the article in the @TheAtlantic that blames criticism and legitimate worry over the migrant caravan for Saturday's massacre is itself an evil piece of work.
Read 4 tweets

Related threads

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Trump: Day 712
-Day 12 of the #TrumpShutdown
-Vows 2 Keep Government Shutdown
-Went on a String of Unhinged Rants
-Lied About Illegal Immigration Stats
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Add...
Day 817 since Donald Trump admitted to sexual assault — yet he’s still in the Oval Office
Add...
Day 668 of NO EVIDENCE produced by Trump that his phones were tapped by Obama.

The FISA warrant Trump referenced targeted Carter Page. #TrumpLies
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AMERICA!!! AMERICA!!! This is what we need to do!!! AGAIN!
🔥🔥🔥💥💥💥💥🔥🔥🔥

Wait...what? What does AGAIN mean?

Well, let’s just see...shall we?
2). A meme was flown across Twitter over the past few months, coming to my attention again yesterday. I saved it so I could do this little investigation!
3.) According to this meme:
A. U.S. Immigration passed laws in accordance with the passing of the McCarran Walters Act of 1952., Revised & Re-Affirmed in 1965.

Chapter 2, Sec.212: As the PROHIBITION OF THE ENTRY INTO THE UNITED STATES IF THE ALIEN BELONGS TO AN ORGANIZATION
Read 64 tweets
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On Monday, in a memo published to the FCC website, chair Ajit Pai admitted “half-million comments” on net neutrality were “submitted from Russian e-mail addresses.” Pai had earlier denied Russian involvement. @theweeklylist.org
The memo also indicated thatover half of the almost 22 million comments came from phony, temporary, or duplicate email addresses, and reportedly only 17.4% of the comments were unique.
Pai also rejected two Freedom of Information Act requests filed byNYT and BuzzFeed, seeking “IP addresses” and “server logs,” respectively, associated with public comments submitted on net neutrality. @theweeklylist.org
Read 30 tweets
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#Trump ajoute la controverse en fin d'1 déjà bien mauvaise soirée pour lui par ce tweet où il utilise 1 dog whistle (message suggéré)clair. Traiter de"dumb" (crétins) le présentateur de CNN Don Lemon et la star du #basket #LeBronJames, tous 2 Afro-Américains"parlera"à sa base. RT
2) En 2017, le General Social Survey de l'université de Chicago établissait que les 2 principaux clichés racistes sur les Afro-Américains- idiots et paresseux- avaient la vie dure chez les républicains. #Trump n'insulte pas #LeBronJames et #Lemon au hasard washingtonpost.com/news/the-fix/w…
3) Quant au "#IlikeMike" cryptique de #Trump à la fin de son tweet, il indique sans nul doute la préférence du président pour Michael Jordan, l'ex-star du basket #NBA dont le rang de plus grand joueur de l'histoire est aujourd'hui contesté par #LeBronJames...
Read 4 tweets
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"Trump has used Harley-Davidson as an example of a US business that is being harmed by trade barriers. Yet Harley has warned consistently against tariffs, saying they would negatively impact sales"

Harley, hit by tariffs, shifts some production overseas apnews.com/6c8942f7363743…
Important issue highlighted by @riotwomennn: are tariff exemptions determined by bribes?

Corker: "22,000 companies have asked for exemptions.There is no basis to deal with them. Are they going to grant these exclusions based on political contributions?"
Trump’s trade war with the European Union is going to cost Harley-Davidson as much as $100 million a year and force the manufacturer to shift production out of the U.S. bloomberg.com/news/articles/…
Read 232 tweets
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Trump Hotels' website still lists Trump SoHo New York among its properties in the Our Hotels menu. Select its name though to access its page and there's a message about it being renamed

bit.ly/2EPCSy1
National politics correspondent for Newsweek, Nina Burleigh, with a fun find on a TV above the bar at the Trump Hotel DC bit.ly/2E37QRR
Two errors in the 2nd graf of Breitbart's Trump Hotel DC article:
-holdings aren't out of @realDonaldTrump's hands: trust isn't blind & he can profit from it
-Trump Org told Congress it was estimating foreign receipts—not auto donating in full
bit.ly/2CpL7z2
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