Tit for Tat

(1) A chronology of the US-China trade dispute. (2) Some threats, a few concessions, and some tariffs. (3) Upping the ante. (4) Risk of public tiff over tariffs is global slowdown, or a recession if tiff leads to war. (5) Will the smoke clear, or is it the fog of war? (6) Seeking peace and quiet. (7) S&P 500/400/600 continue to send strong bullish signals, which are hard to hear over all the noise about protectionism. (8) Trump risks losing mid-term congressional elections to the “resistance” if he doesn’t resolve major trade disputes soon.