Monday, October 29, 2018

All you need to know about his morning's selloff

The following CNBC headline is all you need to know about this morning's selloff. 

The market tanked instantly (giving up a 280-point Dow rally) upon this hitting the wires:
"US reportedly planning tariffs on remaining $257 billion in Chinese goods if Trump-Xi talks fail"
The politically popular narrative around the Fed and interest rates hitting the market clearly misses the mark. 

And make no mistake, the market will influence the U.S./China dialogue. Therefore, believe it or not, selloffs on such headlines are good things!

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