Huawei Blacklisted

The U.S. markets dropped today as the blacklist of Huawei and 26 of its affiliates went into effect on Friday. I thought we knew this already…

The big pain for Huawei has got to start with Alphabet halting most of it’s relations. Huawei counts on Alphabet to supply it’s operating system for it’s phones. Huawei is the number two smartphone maker behind Samsung.

Add to that chipmakers such as Qualcomm, Broadcom and Intel halted business with Huawei “until further notice.” Qualcomm and Broadcom are each down over 4%.

Again… we already knew this. That apparently came as a surprise to Wallstreet. Lack of information dissemination could possibly continue as long as this trade war lasts. Unfortunately knowledge is not always power…
“The market can stay irrational a lot longer than you can stay solvent!”