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.
The Chinese Misconnection
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.
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.