An Apple a Day (OnlyMemes™️Edition)
+ ShrubGPT's SPX Levels
Great yet exhausting week. We give thanks.
It wasn’t only Shrubstack that had a great week. The “Trade War” Signal Group must have made a killing. Anyone know if they allow shrubs in there? Asking for a friend.
On Saturday, Trump exempted smartphones from reciprocal tariffs. Given that 80% of Apple iphones are still made in China, Tim Apple must be very happy. I’m also very happy because I have new Meme material🥹🙏.
Literally, this whole thing is a joke. Credibility is gone but at least we saved Apple…
…what else did it cost? Only the US Bond Market, which now trades as badly as Penny Stocks…what did you expect when the place is run by Penny Bond Promoters?
Ok one more, because I can’t help it…
The hilarious part about this “4D Chess Master Plan” is that we expected the Chinese to fold first, as if we already forgot that Xi locked down the whole country for TWO YEARS on his “Zero Covid” Policy…
For once, I found myself agreeing with Roubini, which scares me. The US basically cut tariffs on a “luxury good” such as the Apple iphone but slapped a 145% tariff on “the 80% of Chinese cheap consumer goods purchased by Trump’s left-behind blue collar base at Dollar Stores, Walmart, Costco, and other low price retailers”.
Apple is saved and Walmart will get hurt but survive. Too bad there will be a ton of bankruptcies of small businesses that can’t absorb the hit from the tariffs…
Ultimately, the Plebes will suffer the most from the higher prices of the Trade War. “Let them eat Tariffs” I guess…
At least Apple is safe. Phew!!!
Here’s a random thought I’m having: