More Tariffs Equal Selloff

• After a great Wednesday in the market, Trump announced more tariffs on Canada, Mexico and Europe and the market reacted Thursday. Boeing was sold off as was some others that have risen quite a bit over the past week. I would expect them to rebound Friday as they realize the tariff talk is just talk.
• Alphabet (GOOGL) took off while everything else was down. The tech sector did was mixed today, but Alphabet was the big winner as once it past 1100, it touched 1098 twice. What was really interesting was how it took off when everything else was down and when the market would come up some, Alphabet would go higher. Typically 2pm shows a peak in the momentum direction. It was a dipping pont for Alphabet as it went back up with the market in the last couple of hours of the market.
• Facebook (FB) was up nicely on Thursday as they held an investors conference. Jim Crammer of CNBC's Mad Money made a nice point today how the European new privacy rules will probably affect smaller websites more than huge web marketers like Googe and Facebook.
• General Motors (GM) had a nice pop to the upside today as they are teaming up with Waymo in autonomus driving. Jim Crammer pointed out that until today GM was the most undervalued stock in the S&P. I might believe that GM is going to benefit by Ford (F) reducing their automobile line up, however Ford is making a shift for more profitability and I would not count them out in their new auto lineup. I am sure Ford will produce the most economical vehicles and their stock will take off in the long run. Buy and reinvest your dividends as you will be very happy by 2020.