I am back! And what a time to be back, as TGIF turned out to be China and US fighting it out through taxes and tariffs. Here is what happened on Friday 23 Aug:
Beijing impose new tariffs on $75 billion in goods, including reinstated levies on auto products starting Sep 2019. President Donald Trump demanded U.S. companies stop doing business with China and announced he would raise the rate of tariffs on Beijing.
Long story cut short, stocks are going to take a hit. The few things that will help the markets are probably left with US Fed Rate cuts. In fact, just this week, Indonesia government has further cut rates.
I still feel, indexes will be in the red for the near term.
Impact to Llama Portfolio
I am sad to say (I know its not right to be emotional in investing and trading), that the portfolio is now