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‘Art of the Deal’ or a serious breakdown in trade talks? Stocks point to the latter

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White House economic adviser Larry Kudlow, in a tweet that put an awkward exclamation point on Friday’s stock-market rally, cheered “we’re killing it on the economy” and it’s “totally awesome.” In the first trading session since that tweet went viral, it certainly doesn’t feel totally awesome for traders who were anticipating good news on the trade front.

 

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Trump has been publicly stating that the China talks are going very well. My guess is that he saw this as a way for he and his comrades to make some money on a bearish trade.

THIS is what will happen to stocks thanks to Trump's 25% tariffs:

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