Stocks Surge On Trump’s Plan To Levy New Tariffs From December

Stocks Surge On Trump’s Plan To Levy New Tariffs From December
<a href="">Victoria_Borodinova</a> / Pixabay

Commenting on today’s trading Gorilla Trades strategist Ken Berman said:

The major indices are all sporting sizable gains at midday, thanks to a surprising announcement by the U.S. Trade Representative office. The Trump administration decided the new tariffs on some key consumer products, such as cell phones, laptops, and other electric devices and toys will only be levied from mid-December, while a small number of products will be completely excluded from the list. Apple (AAPL) surged higher by almost 5% in the wake of the announcement, not surprisingly, but all of the key risk sectors are in the green, with the firms most exposed to China leading the charge. The recently favored safe-haven assets such as Treasuries, gold, and the Japanese yen are all significantly lower thanks to the shift in sentiment.

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This Hedge Fund Believes The New Real Estate Cycle Is “Well Underway”

REITChilton Capital's REIT Composite was up 6.1% last month, compared to the MSCI U.S. REIT Index, which gained 4.4%. Year to date, Chilton is up 6.3% net and 6.5% gross, compared to the index's 8.8% return. The firm met virtually with almost 40 real estate investment trusts last month and released the highlights of those Read More

We also got positive news of the economy this morning, which confirm the resilience of the consumer sector. The headline Consumer Price Index (CPI) was in line with expectations, while the key core CPI was higher-than-expected, in stark contrast with last week’s Producer Price Index (PPI). The NFIB Small Business Index also increased following last month’s drop, and even though the measure slightly missed the consensus estimate, it remains very high from a long-term perspective. While the trade war is far from being over, today’s announcement could mean that the inflationary effects of the tariffs will be less pronounced, and that the two sides could once again start making progress following the recent escalation Stay tuned!

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Jacob Wolinsky is the founder of, a popular value investing and hedge fund focused investment website. Jacob worked as an equity analyst first at a micro-cap focused private equity firm, followed by a stint at a smid cap focused research shop. Jacob lives with his wife and four kids in Passaic NJ. - Email: jacob(at) - Twitter username: JacobWolinsky - Full Disclosure: I do not purchase any equities anymore to avoid even the appearance of a conflict of interest and because at times I may receive grey areas of insider information. I have a few existing holdings from years ago, but I have sold off most of the equities and now only purchase mutual funds and some ETFs. I also own a few grams of Gold and Silver

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