Here it is. China lays on a 34% tariff.
And then,
My Australian friend emails me the SPX:
So it’s our choice: Sell because stock prices are falling.
Or put in ultra-low “buy” bids — say 10% to 15% below today’s low point. Think AAPL and NVDA.
Hope to snag some bargains.
When there’s blood in the street (as now) that’s when the best bargains abound.
I’m sitting in class (as a guest) at the Harvard Business School. I’m posting from the classroom. (They have great Wi-Fi.)
This afternoon, we’re having a new class on tariffs.
I’ll report back.
For now, stay well. — Harry Newton
