Trump's global trade war begins. China imposes 35% tariffs on US imports. Maybe an all out trade war was inevitable, Trump just set it off. NASDAQ, Dow fall 5%, overall loses at 17%, 10% (3months) 3%, 10% shy of a bear market. No recession, payrolls still booming, stagflation looming. VIX close to 2020 pandemic levels.

Trump's global trade war begins. China imposes 35% tariffs on US imports. Maybe an all out trade war was inevitable, Trump just set it off. NASDAQ, Dow fall 5%, overall loses at 17%, 10% (3months) 3%, 10% shy of a bear market. No recession, payrolls still booming, stagflation looming. VIX close to 2020 pandemic levels.

Comments