Excerpt from Politico Morning Money
By BEN WHITE (email@example.com; @morningmoneyben) , AUBREE ELIZA WEAVER (firstname.lastname@example.org; @AubreeEWeaver)
05/08/2019 08:00 AM EDT
Markets freak (a little) — Wall Street finally gave a nod to the possibility that talks with China could fail and President Trump could follow through on his threat of full trade war. But it wasn’t much of a drop.
What happened — Cumberland’s David Kotok tells MM: “The trade war risk is now being confirmed. That is a healthy realization rather than a fantasy goldilocks scenario. It’s about time markets woke up to the reality that a trade war hurts everyone and that includes economic growth, earnings, profits and stock prices worldwide.”
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