He’s right and wrong. But mostly wrong.
An “immediate, intense” fucking.
“Let’s run through the numbers”.
Trump’s not done.
“China officially launched its sword in less than 24 hours.”
“But, alas, the ‘foolish or incompetent people’ skewered in the Donald’s 7:22 AM tweet are not some defunct Commerce Department or USTR officials from bygone times.”
This is a real kick in the balls for Trump – and possibly for Chinese consumers, depending on how it pans out.
“You wanna play rough?!”
April (and Q2) got off to a less than inspiring start on Monday as an early Asian rally shriveled up and died on the vine as the market tries to figure out how to digest myriad uncertainties around the burgeoning trade spat between Washington and Beijing.
“…we need some market stability at this point and hopefully we get to some calmer waters.”
The robot carnage on Wall Street predictably spilled over into Asian markets on Wednesday.
But hey, at least it’s Friday, right?
Don’t poke that dragon.
Well this is shaping up to be a sour day in terms of risk sentiment.