We are in the midst of summer doldrums. Markets reading tariff headlines and reacting to mounting trade war.
I prefer to call it a trade tariff tiff, since it’s all blather as no country will stop trading with the US. While the markets reeled over the newest $200B in tariff against China, this will not be enacted until mid-August, so there is plenty of wiggle room for it to work out prior to the deadline.
The markets seem to agree with this premise since on Thursday stocks are retracing back almost 90% of Wednesday’s loses.
Short post today as there is little else going on.