lets hope trump makes a deal with China soon but as explained above not really addressing the defecit concern - Trump of course wont care abt that he just wants the bragging rights.
The next big issue when US china deescalates will actually be fixing the defecit and that trillion $$$$ debt of US govt. The good thing tho is China factory orders were a bit of a surprise and one hopes not an anomaly (who knows with China stats) + Fed cut + NFP and perhaps things are bottoming. b4 any serious money going to flow back into oil stocks tho we will need to c around 2 quarters of good signs.
I wouldnt suggest to accumulate even at thee levels but not the time to sell either. Yesterday saw a good jump in oil and the US indices - some momentum here and we might find the oil laggards with some catch up. The thing to note is the performance in indices this year have been on the back of a few sectors - if we get broad based rise in next 2 Qrts then SEA should recover somewhat.
Thats the positive spin - one can counteract that with negative spin easily but EOD theres not many places this puppy can go from here just need for the company to make some cash. Lucky I not 90.
SEA Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
