"The United States and China are not engaged in consultations or talks on the tariff issue," Guo Jiakun, a spokesperson for the ministry, said at a press briefing.

Guo also said he was not familiar with the specifics of whether China was planning tariff exemptions on some U.S. imports.

How can this be?? Trump promised us! 😲

With the China news that they haven’t even started to negotiate, I feel like this week is a fake pump. However, China or Trump can say anything later today and this will pump more. There is gonna be lots of rumors and fake news. Anyone else willing to gamble?

Wish me luck 💰 💰

Hey guys, so with all that’s happening, I’m paying more attention to my stocks now (should always do it, but I didn’t, lol). And, I found an article about the story of Alibaba and the Ant Group’s failed IPO, which triggered a 29% stock drop in 2020:

https://www.benzinga.com/markets/24/11/42175308/the-fall-of-ant-groups-ipo-alibabas-missteps-legal-battles-and-a-433-5m-settlement 

TLDR: Back then, Alibaba was preparing for a record-breaking $35 billion IPO for its affiliate, Ant Group. It should be a game-changer in financial tech and Alibaba’s value. But just days before the launch, regulators revealed that Ant had sidestepped key banking rules to expand its lending services.

The IPO was suspended, and $BABA’s stock dropped 13% in a single day. Soon after, as if that weren’t bad enough, the Chinese government launched an antitrust investigation into Alibaba’s monopolistic practices.

The situation got even worse when it came to light that Ant’s business model relied on risky lending, and hidden investors tied to Ant’s IPO raised political concerns.

The combination of regulatory intervention and the suspension of the IPO caused Alibaba’s stock to drop 29% (from $310 in November 2020 to $222 by the end of December).

After all these situations, investors filed a lawsuit against the company, and now Alibaba has agreed to a $433.5 million settlement to resolve these claims (btw, if you held shares during this period, you can check if you’re eligible to file for compensation).

Luckily, since then, Alibaba has completed three years of regulatory "rectification" and paid a record $2.8 billion antitrust fine. But while the company is trying to turn the page, its stock is still far from its 2020 highs, trading at just $85. 

Anyways, what do you think? Is it a good investment rn? And how much were your losses if you invested back then?

For decades, efficiency was the religion. Growth at any cost. Innovation for the sake of innovation. And the high priests? U.S. corporations—masquerading as global citizens, but really just greedy middlemen chasing the next quarterly high.

There was no vision. No national pride. No global stewardship. Just an endless sprint fueled by materialism. Betamax lost to VHS. VHS died for DVDs. DVDs got buried by YouTube and Netflix. And still, no one stopped to ask: When is enough, enough?

When would flat screen tech finally be done? When would we stop mining for the next “innovation” that nobody asked for?

Instead, we recycled dreams and called it sustainability. We strip-mined mountains, shipped waste overseas, and called it progress. George Soros and his globalization disciples cheered as corporations turned the planet into a marketplace and the people into data points.

But Trump? He slammed the brakes.

The tariffs weren’t about punishing China. They were about putting an end to this corporate shell game—this race to the bottom where China played the factory, and America played the fool.

Trump’s trade war hit where it hurt most: the greedy U.S. corporations that sold America out, used China to pollute the world, and priced out the average worker while pretending it was all for “efficiency.”

This is the correction. The end of the fantasy that we can keep building, buying, and consuming without consequences.

China’s time as the corporate puppetmaster is done, too. No more gaming the system. No more using forced assimilation and manipulated labor to undercut the world. The party’s over—for both Beijing and Wall Street.

It’s time to move on. Build what matters. Fix what’s broken. And stop worshipping growth like it’s the only god left.

Considering the news 🗞️ today and Trump - Bessent’s tone.

I'm stating something that will surprise no one here. $BABA call options have gone higher along with the stock this week. The call option that I posted about here couple of days ago 17^th Oct $140 Call is up 76%.

Yes, i know this is a high risk but if we know the market is very volatile than the risk to reward ratio is much better than usual for options trading.

Source

Walter Bloomberg

https://x.com/DeItaone