One tweet and investors in
STZ wake up to a 9% loss on a issue completely from left field. No one expected this to happen and in reality it should never happen, picking fights with your friends does not damage your enemies. The trade dispute with mexico, announced by a tweet just shows what a sitcom politics have become in the USA, his own trade advisors were not even informed about it, nore his economic advisors. It is pretty safe to say that politicians and lobbyists will not get much sleep this weekend, business owners, trade councils, Unions, Human rights activists and political benefactors will be battering at the door of their local representatives, to get answers fast. The entire political system must be called into question when a TWEET can affect so many lives and businesses, should the POTUS be able to carry such power.?
Despite the rant , next week could prove pivotal in this stock, having such a high dependance on cross border trade, if the rhetoric was to change this could provide a great long reversal trading opportunity.
Despite the rant , next week could prove pivotal in this stock, having such a high dependance on cross border trade, if the rhetoric was to change this could provide a great long reversal trading opportunity.
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