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b'"Bring on the Trade War!"
\\nToday is Jobs Friday, but before I get to the jobs report, I want to talk a little bit about the escalation of the trade war,\\xa0 In fact, some stories I\'m reading are that the trade war began today, or last night.\\xa0 A lot of the tariffs are finally being imposed.\\xa0 The market reacted positively; the Dow was up 100 points today.\\xa0 The NASDAQ was up 100 points as well, which is percentage-wise a much bigger increase - 1.34% move - so who cares about a trade war?\\xa0 "Bring it on! America is going to win the trade war because we\'ve got the least to lose because we\'ve got the biggest deficits.
\\nDollar Sold Off Despite Trade War and Jobs Number
\\nThe dollar, meanwhile, sold off today. The dollar index closed at 94, barely held the 94 handle.\\xa0 It traded below briefly, despite what many people consider a stronger Nonfarm Payroll report. So, the dollar went down despite the beginning of the trade war and despite the supposed strong jobs number. To me, the dollar topped out at 95; I expect us to crack below 94 next week, and if we break below 93, if we get into the 92\'s I am pretty sure the rally is over, technically speaking and we\'re heading for new lows relatively quickly.
\\nWho is the Industrial Powerhouse?
\\nLet me get back to the trade war that we are supposedly going to win.\\xa0 One of the most interesting things about it, is when you look at the goods each side is imposing tariffs on.\\xa0 When you look at that, you can see which country is the industrial powerhouse and which country is a third world country masquerading as an economic power. Here are the goods made in China that Trump wants to tax the American citizens on:
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\\nAircraft tires
\\nScales
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\\nNuclear reactors
\\nCranes
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\\nBoat motors
\\nBulldozers
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\\nAircraft engines
\\nBoring machines
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\\nAircraft engine parts
\\nConstruction vehicles
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\\nAir & gas compressors
\\nOil & gas drilling platforms
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\\nCombine harvesters
\\nPlows
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\\nIndustrial heating equipment
\\nChicken Incubators
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\\nDairy milkers
\\nPlows
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\\nLivestock equipment
\\nMachinery for processing meats
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\\nPaper making machinery
\\nMachinery for molds, cements
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\\nPrinter & copy machine parts
\\nMachinery for glass products
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\\nPrinter & machinery for making rubber
\\nIndustrial ovens
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\\nIndustrial magnets
\\nAC & DC generators
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\\nLithium batteries
\\nElectric transformers
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\\nRadar & radio equipment
\\nEquipment for circuit breakers
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\\nTelevision parts & video recorders
\\nLED\'s
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\\nElectronic traffic signs
\\nTrains & rail parts
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\\nLarge vehicles
\\nDiesel cars & trucks
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\\nMotorcycles
\\nHelicopters
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\\nMicroscopes
\\nAirplanes
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