Part of my job is to endure looking at some of the terrible click bait news and media propaganda outlets. Sometimes I find it entertaining and of course other times painful. The term is fake news and these media/entertainment companies range from complete false, fake news to opinion pieces by PR and lobbyist consultants as third party written infomercials. I can spot them quickly but most people cannot. Looking at Buzzfeed at their list of products hit by tariffs is a laughable....this is what you have to be worried about: channel changers price increase, water coolers, air purifiers, fish tank filters, flash drives, Christmas lights and on. The pieces that are harder to evaluate are ones like this Bloomberg opinion piece disguised as news.
News today is less about informing or providing reasonable analysis but entirely about persuading you about political opinions, on how should think and what beliefs you should have. 'Sportsball' shows like ESPN and TSN even spend half their time pitching 'leftthink' propaganda to keep their message in your mind 24/7. People stop paying attention because they do not want to hear an announcers opinion on race relation while watching baseball. People do not want to watch a sitcom or movie and get revisionist history and victim-hood stories. It is being reflected in the massive losses in media. But this is getting a bit too far off topic.
This article which is by Bloomberg a staunch hater of Trump puts the drop in copper prices on the tariffs. This is so simplistic and lazy in thinking that it is painful to read. Do you think that China and the US are not going to build infrastructure, power systems, batteries and energy, improve existing roads, bridges and other infrastructure? I do not care if some retail products cost more. They should cost more and be built if not in your own country, a region close to you. I have never liked the idea of saving $50 on my new tv so that it could be built by a Chinese company that would install spyware on it with a proletariat working for dollars a day in suicide proof 'campuses' then shipped via a massive container ship back to me to fail in about 4 years because of planned obsolescence. We should have trade. We should slow down the economy because most of it is based on fraud. When the wipe out comes it will be a long list of companies that have 500+PE ratio's that have 'new evaluation metrics' as their criteria just as the analyst tried to pitch during the dotcom purge. Some of these companies may survive because they are part of what we call the deep state, we scratch our heads at how these companies manage to operate until we see who runs them and who partners with them. It is not hard work to see.
Associating Trump as the reason for copper price escalation and then its drop makes the writer look foolish but luckily today no one cares. No one cares if the news constantly retracts statements on the back page or as a ticker tape scrolling by during a segment on how some Hollywood 'celebrity' endorses why eating insects is good. People do care if i lead them astray because they want some facts and they will get my opinions, too but they know when i quote something or link it, or if i say i think this or that. I live and die by results. I think there is a coming major economic disaster coming but their will be opportunities in commodities. There will be big gainers in junior mining companies, gold, and other stable, core, fundamental companies. There will also be a demand in all that makes up the war machine.
So, what could make the prices drop? Trading floors taking profits. Settlement of futures and options contracts. The fact that most investment is done by computers and algorithms with set parameters. The list is quite long but if you think it is because Trump places a tariff on water coolers then shake your head.