Barring the unexpected, a trade deal with China is not imminent. Investors should prepare for escalating tariffs and heightened stock market volatility, as the market re-prices the risks to the currently strong U.S. economy. We advise ignoring tweets, anonymous reports, rumors and speculative news stories with a short- term focus. The context of the tariff conflict is that of a geopolitical high stakes struggle between the U.S. and China, making it challenging to find acceptable common ground.
Meanwhile, the Middle East is heating up to a near boiling point. Military skirmishes, if not all out war, involving Iran, the U.S. and our respective regional allies, are real possibilities. We also came across some fascinating articles on various topics relating to health, longevity and happiness. The long article on the medicinal potential of CBD is the best I have read. Lastly, please let us know if you have any specific areas of interest. A client asked about leasing vs buying a car, and we discovered an article that might benefit many clients and friends. Delighted to oblige.
- A Long and Painful Trade War? Perspective on the China trade conflict has been in short supply. This article by Neil Irwin, one of my go-to writers on complex economic topics, does an excellent job explaining why there is no easy fix. New York Times Ray Dalio, the legendary hedge fund investor, explains that it is an ideological war. LinkedIn