Global pandemic, buy stocks!
Global economic collapse, buy stocks!
Is the US-China trade deal over? Sell, Mortimer, Sell!
Futures on US stocks and the offshore yuan at the start of Asian trading are plummeting after White House trading adviser Peter Navarro said Monday that the deal with China is “completed.”
“It’s over,” Navarro told Fox News in an interview when asked about a trade agreement.
Reuters reports what does Navarros say The “turning point” came when the US learned about the spread of coronavirus only after the Chinese delegation left Washington after signing the first phase of the transaction on January 15.
“It was at a time when they have already sent hundreds of thousands of people to this country to spread this virus, and only a few minutes after the wheels got up, we began to hear about this pandemic, ”said Navarro.
This follows the various threats of separation of the United States and China from the White House, as well as increased anti-dollar rhetoric from Chinese officials.
Futures clogged …
And the yuan collapsed ….
Gold is a bet …
And bond yields fell …
Trump won’t like the fall of the market – but then again, this is Powell’s problem now! The question is why now? What makes us wonder if the Trump administrator understands that “we humans need an external enemy to concentrate and distract ourselves from the unrest at home.