Monday, May 27, 2019

Trade War between China and US is a theater

“I think of it as theater. We have two strong politicians, Xi and Trump. Trump has put these Tariffs on China. It kind of humiliates Xi. This is a human interest story which bleeds over into the markets.”

“We’ve seen volatility pick up right in response to this crisis. But we don't know where this is going. Volatility once stirred does have some persistence, and it could continue for months after this. But it all depends on world events.”