Tuesday , May 26 2020
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Trump Retaliates with Tariffs on All Goods from China, Much at 30%

Summary:
In a major escalation of the trade war, Trump lashed out at China. Market Reaction (Before the Above Tweets) S&P 500: Down 75 Points, -2.6% Nasdaq 100: Down 242 Points, -3.2% DOW: Down 623 Points, -2.4% Looking for Whom to Blame? I can help. ​ This may be related to Seth Moulton, "whoever that may be". There is no other rational explanation. I almost forgot: "Thank you for your attention." Mike "Mish" Shedlock

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In a major escalation of the trade war, Trump lashed out at China.

Market Reaction (Before the Above Tweets)

  • S&P 500: Down 75 Points, -2.6%
  • Nasdaq 100: Down 242 Points, -3.2%
  • DOW: Down 623 Points, -2.4%

Looking for Whom to Blame?

I can help.

This may be related to Seth Moulton, "whoever that may be".

There is no other rational explanation.

I almost forgot: "Thank you for your attention."

Mike "Mish" Shedlock

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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