When Trump sat down across the table from Xi Jinping, he mistakenly believed that it was an opportunity to do business. Xi let him believe it.
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The Chinese Misconnection
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Dow Jones Loses Third of Gains since 2017
As of yesterday, the DJI has only 24.64% of its gains since that date, representing a loss of roughly a third of its gains.
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DOW Shudders as Fed Chair Empties
There is no arguing that the drop on Friday was anything other than a rout, and it remains to be seen if the weekend will be long enough to cool the white hot fears of inflation that drove the market stampede in the first place.