Preliminary 1H Results

My apologies, but first half results will have a one week delay due to some dividends not crediting on Friday. These are primarily Canadian held in my taxable account – I’m thinking it’s a tax processing issue as the Canadian stocks in my IRA credited as normal. I do know the S&P beat me for the month but I’m slightly ahead for the year. Beyond that … there’s always next week.

This week, the President attended the G20 and had the anticipated meeting with Xi Jinping. The preliminary reporting by Eunice Yoon, CNBC’s Beijing correspondent was: (June 29, 2019 tweet)

  • By my tally, so far China gets:
    • -no new tariffs
    • -access to US tech for Huawei
    • -better visa treatments for Chinese students
    • -truce on tradewar (resumption of talks)
  • US gets:
    • -bigger purchases for farmers

My initial take was that China came out ahead due to the fact that their pork production has issues with a swine flu epidemic – meaning I think they used a weakness to their advantage. They probably had limited options. The Daily Beast concurs (although a little more stridently). But the futures market appears to be rallying – perhaps because it wasn’t worse? As Monday dawns here I’ll be looking at this a little closer.

Meanwhile, I’ll (finally) be making some moves in July, selling three issues – primarily dividend cut related. Since one of my core holdings is being acquired, a restructure of my top 36 is also in order. So my expectation is more than normal activity is on tap with a slight decrease in the number of my holdings (not the value) as well.

With it being a holiday shortened trading week in the US, I hope you enjoy and have a safe 4th!

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One thought on “Preliminary 1H Results

  1. You got it right there. China bought itself sometimes to let its economy grow further to handle the pullback when they screw us one more time on the trade deal that will not go through or go through terribly for us. The Trump admin needs some sort of deal, even bad one, for that they’ll compromise greatly just to get a “deal”.

    It’s so sad that they keep sending their students over for PhD, using the US’s Fed/school funding for their research and take all of that back to China. Using our own resources.

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