McDonald's is a fantastic business, but look at the deterioration of its balance sheet in 5 years. I understand leverage and stock-buybacks, but, in any downturn or setback, this is a much weaker company than it has ever been...
By my tally, so far #China gets:
-no new tariffs
-access to US tech for Huawei
-better visa treatments for Chinese students
-truce on #tradewar (resumption of talks)
US gets:
-bigger purchases for farmers
Iowa #PMI = leading indicator of #ISM mfg index; Iowa PMIโs most recent top in March was 5m ahead of Aug high for ISM; Iowa PMIโs sharp decline in Oct = weaker ISM to come; avg truck rates for Midwest also down sharply
@DiMartinoBooth