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US Equity Markets Firm As Payrolls Disappoint and China Talks Continue

US Equity Markets Holding As Payrolls Disappoint and China Talks Continue

On Friday, US Payrolls for the month of August reported 130,000 with the previous two months results being lowered – job creation in the US is now averaging 154,000 for the past three months compared to a higher 220,000 monthly average one year ago. The US economy is slowing while President Trump conducts a trade war with China, current GDP estimates are near 2.0 percent. However China Ministry of Finance head Liu He, the top negotiator for Beijing, said the he has spoken to US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, to agree on a new round of trade negotiations in October that will likely end in a no deal.

China insiders have hinted that there may be a trade deal, according to an article on CNBC, attributed to Fred Imhert. Still it does make sense that China works to get Trump out of office and a trade deal before 2020, to help China achieve its goals, is highly unlikely. Many geopolitical experts are now saying that China is now stepping onto the world stage and this is the beginning of a cold war that will surely lest for decades – so the trade war is only a chapter in a long-term, 1970s Soviet Union-style war that will divide the planet into two distinct factors, the US and China. 

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