Rossana Rosanna Dana; "It just goes to show you. It's always something....
If it isn't one thing it is another.
What is the market selloff about? If it isn't about China and the trade tariff's it is North Korea. If it isn't Brexit, it is Valenzuela. Something will cause this market to stumble.
Today, Barron's had the following to say about the trade trade war that has been heating up for over a year. I'll save you some time reading about the complex strategies they offer to put in place.
Read my "9th Inning Investing" in my ESG Update section and know...when you are in the 9th inning and trying to tell if something is going to upend the apple cart.
Like Rossana Rosanna Dana says: it's always something. Something calls the game on account of weather.
"Trade negotiations between the U.S. and China quickly went from smooth to rocky over the past week. Markets followed suit: After a slow but steady rise over the last four months, stocks and other risky assets have stumbled on tariff threats and counter-threats from the world’s largest two economies. The S&P 500 index is down more than 3% this week, while Chinese stocks are off even more. Meanwhile, safe haven assets like gold or the Japanese Yen are up, and volatility has spiked.
President Donald Trump was poised to increase tariffs on $200 billion of Chinese goods imported to the U.S., from the current 10% to 25%, unless the two sides reached an agreement by 12:01 a.m. E.T. China has promised to retaliate. "