Today’s Podcast: Why The Market Hates Protectionism

by Marty Mazorra CFP®, ChFC® Founder & Co-Chief Investment Officer

In yesterday’s “Headlines of the Day” my closing line included:

….the market reaction to a U.S./China/EU trade war will be the definition of ugly.

Per this morning’s headline — “Trump Slaps Steel Tariffs on EU, Canada, Mexico as Tensions Rise” — we can add Canada and Mexico to the list of combatants in a potential trade war.


While it would be pure hyperbole to characterize a 260 point hit to the Dow (so far) during a typically tough season for the market as “the definition of ugly”, we can, at a minimum, consider it a warning shot across the bow of the trade-warship; signalling that things may indeed get ugly if this indeed means war!

Here’s a little something to help you keep it all in perspective:

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