- Accusing the U.S. of "launching the largest trade war in economic history to date," China has implemented retaliatory tariffs on 545 items worth $34B in response to the comparable U.S. duties that were enacted at midnight.
- Another $16B in tariffs are expected to go into effect in two weeks and President Trump has warned of additional levies on $500B in Chinese goods.
- U.S. stock index futures and Chinese markets seem largely unaffected by the widely anticipated trade developments. U.S. futures +0.2%; Shanghai +0.8%.
- ETFs: SPY, QQQ, DIA, SH, SSO, VOO, SDS, IVV, SPXU, TQQQ, UPRO, PSQ, SPXL, RSP, SPXS, SQQQ, QID, DOG, QLD, DXD, UDOW, SDOW, VFINX, EPS, DDM, QQEW, QQQE, SPLX, SFLA, QQXT, SPUU, SPXE, UDPIX, OTPIX, RYARX, SPXN, SPDN, SPXT, SPXV, FXI, KWEB, ASHR, YINN, CAF, EWH, CQQQ, YANG, MCHI, GXC, FXP-OLD, PGJ, CN, KBA, TAO, CHIQ, HAO-OLD, CHIX, TDF, QQQC, PEK, CHN, CWEB, CXSE, CHAU, XPP, CNXT, ASHS, AFTY, CHAD, FCA, YAO, YXI, GCH, ECNS, CHIM, CHII, CHIE, KFYP, EWHS, JFC, FCHI, OBOR, ASHX, CNYA, FHK, HAHA, XINA, CNHX, KGRN, FLCH, FLHK, WCHN
- Now read: S&P 500 Valuation Dashboard - Update
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