More Tit For Tat
The ongoing trade disputes continue to dominate current markets, with the hostile rhetoric showing little sign of easing off. As a result, market volatility continues. The near daily skirmishing has not been helped by President Trump stating he did not start this (?) but merely reacted to a situation that was already there (??). China exports 4.0% of its GDP to the USA; whereas America exports a mere 0.70% of its GDP the other way. So you can see where the problem lies.
End of month valuations on portfolios will therefore be lower because of recent market volatility, but overall, the economic picture remains positive, with last weeks reported purchasing manager index figures for the major nations beating expectations.
So all is not lost. Most markets are now trading in the middle of their 12 month range, but as the sun continues to beat down, more volatility to follow.
Enjoy the weather instead!