Huawei to ignite futures.....

Huawei being allowed to do business with US companies is a very big deal for a major thaw in tense trade relations between US & China.

I expect Chinese stocks, Semiconductor stocks, Network stocks and Fiber Optics stocks to take off.

We have a very good chance to make new all time highs in major indices.

Trade talks have restarted between US & Chinese delegation.

No new imposition of duties against Chinese imports into US.

All of the above is exactly opposite of what traders were expecting, thus a positive surprise for Market.

World economic order is extremely dependent on US & China acting like adults and not indulge in tit for tat import duties.

It is nice to see Financial stocks are behaving well, they have missed the party since lows of 2009....a long 10 years base building....

Gold has been a star thanks to world Central banks easing of interest rates....$1900 per oz may be a possibility again.....

US$ may be the laggard currency going forward due to easing of fed funds rates.....

All in all we are looking @ a very bullish start of July after best June in many decades.....do not fight the tape is a good mantra to live by.....

Good luck with your own analysis and strategy, IF short this market.....please cover ASAP....

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed