Bonus Quotes of the Day

The President really needs to walk this one from this morning back:

“….I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs.”

Can’t tell you from where he collects his data, but I can tell you unequivocally that history has not been kind to “tariff men” nor the economies they preside over. And, make no mistake, in today’s world of global trade and supply chains, well… you get the picture.

Sylvia Jablonski, Direxion Investment’s managing director, definitely does:

 “With global trade at risk, really everything from equities to oil are at risk.”

Lastly, from my morning blog post on today’s action:

 “For now, we should view this morning’s action as global markets (traders in the aggregate) voicing their displeasure and sending yet another strong signal to the powers that be that a protracted trade war is in nobody’s best interest.”


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