All you need to know about his morning’s selloff

The following CNBC headline is all you need to know about this morning’s selloff. 

The market tanked instantly (giving up a 280-point Dow rally) upon this hitting the wires:

“US reportedly planning tariffs on remaining $257 billion in Chinese goods if Trump-Xi talks fail”

The politically popular narrative around the Fed and interest rates hitting the market clearly misses the mark. 

And make no mistake, the market will influence the U.S./China dialogue. Therefore, believe it or not, selloffs on such headlines are good things!


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