Investors are diving for cover as a new month kicks off, and trade tensions pop up like moles.
“The bigger issue for markets is that firstly Trump is sending a message that perhaps he is prepared to tolerate a lower stock market,” Chris Weston, head of research at Pepperstone, told clients in a note that refers to a threat by the president to slap Mexico with tariffs. The threat, which caught most investors off guard last week, may turn into a costly “significant headwind” for U.S. businesses and markets, he says.
