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August 27, 2018 | When China Yields to Trump, Stocks Will REALLY Soar

Rick Ackerman

Rick Ackerman is the editor of Rick’s Picks, an online service geared to traders of stocks, options, index futures and commodities. His detailed trading strategies have appeared since the early 1990s in Black Box Forecasts, a newsletter he founded that originally was geared to professional option traders. Barron’s once labeled him an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case. He received a $200,000 reward when a conviction resulted, and the story was retold on TV’s FBI: The Untold Story. His professional background includes 12 years as a market maker in the pits of the Pacific Coast Exchange, three as an investigator with renowned San Francisco private eye Hal Lipset, seven as a reporter and newspaper editor, three as a columnist for the Sunday San Francisco Examiner, and two decades as a contributor to publications ranging from Barron’s to The Antiquarian Bookman to Fleet Street Letter and Utne Reader.

The Dow’s 259-point rally Monday on good Nafta news was just chicken scratch compared to what will happen if China comes around on tariffs. It’s not a done deal, to be sure, but things are not nearly so hopeless as the mainstream media would have us believe. China has stacked the deck heavily in its favor for too long, brazenly stolen intellectual property and subsidized manufacturers and exporters in ways that heavily disadvantage U.S. companies. That’s why Trump means business — and why China eventually will have to yield some ground

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August 27th, 2018

Posted In: Rick's Picks

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