After losing nearly 100 points from Thursday afternoon to Monday afternoon, the S&P 500 has staged a comeback, regaining all of the losses Thursday morning. While the slide was blamed on trade war fears with China, the gains come on the back of softening rhetoric from the Trump administration that has led The People’s Daily, the official newspaper of the Chinese Communist Party, to claim victory. Meanwhile, looking at the sectors and regions that got hit hardest as trade war rhetoric ramped up might illuminate the winners and losers with patterns that could repeat if the trade war...
Korea, Taiwan, and South Africa Among Hardest Hit In Trade Spat
Mark Melin
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Subscribe and get an extra 20% off annual with code LETTERSMark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.