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!