Wednesday, January 24, 2018

Sino-American trade war brewing?

Everything was looking so awesome this morning, until Commerce Secretary Wilbur Ross told a group in Davis that China's 2025 Technology Plan was a "direct threat" to the US, sparking another round of protectionist-fear-driven selling in stocks….
Zero Hedge
US Equities Tumble On Ross' China "Direct Threat" Comments
Tyler Durden

It appears the rhetoric coming out of Davos is slowly but surely catching up to markets - after initially just impacting the dollar - as former fund manager and FX trader Richard Breslow details below, the market is not priced at all for a "hot trade war" and Ross/Mnuchin's rhetoric suggests we are closer to that that not.

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