Well, even JPMorgan got that right. Over the weekend a carbon unit identified as the banks’ “cross-asset strategist” (say what?) warned that investors should brace for a boo-b00 by the Donald with respect to the China trade
skirmish conflict war:
The other concern is that US economic and equity market resilience despite tariffs will embolden the President on all geopolitical fronts—autos, NAFTA and particularly Iran—and thus risk a major miscalculation from sanctions that are tough to calibrate.