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US Stocks started in a suspiciously erratic fashion, initially dropping as Chinese markets continued to suffer from the US mercurial stance regarding world trade and Chinese US investments. D. Trump looks at the US stock market to validate his policy and he likely noticed that the US resilience of the past couple of months have given way to some interrogations. This led Mnuchin to soften the tone of his rhetoric on China...perhaps until the S&P500 reconnects with fresh all-time highs. This did the trick for about half an hour of yet another short squeeze yesterday but then the selling returned, sending all US and international indices sharply lower and most of them closed at the lows for the day. Yesterday saw a number of dominos either accelerating or kicking in on the downside. EM markets were fairly weak on follow through selling from Chinese markets in response to the US administration. Diversified EM stocks dropped -2.2%, EM bonds -1.1% and EM currencies were moderately lower with the notable exception of Russia which saw its currency, stocks and bonds strengthen yesterday, supported in part by higher oil prices. 

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BentinPartner Advisers, Basel Important Disclaimer © Copyright by BentinPartner llc. This blog is not intended as a recommendation, an offer or solicitation for the purchase or sale of any security or underlying asset referenced herein or investment advice. Investors should seek financial advice regarding the suitability of any investment strategy based on their objectives, financial situation, investment horizon and particular needs. This blog does not include information tailored to any particular investor. It has been prepared without any regard to the specific investment objectives, financial situation or particular needs of any person who receives this report. Accordingly, the opinions discussed in this blog may not be suitable for all investors. You should not consider any of the content in this report as legal, tax or financial advice. The data and analysis contained herein are provided "as is" and without warranty of any kind. BentinPartner llc, its employees, or any third party shall not have any liability for any loss sustained by anyone who has relied on the information contained in any publication published by BentinPartner llc. The content and views expressed in this report represents the opinions of Marc Bentin and should not be construed as guarantee of performance with respect to any referenced sector. We remind you that past performance is not necessarily indicative of future results. Although BentinPartner llc believes the information and content included in this report have been obtained from sources considered reliable, no representation or warranty, express or implied, is provided in relation to the accuracy, completeness or reliability of such information. This blog is also not intended to be a complete statement or summary of the industries, markets or developments referred to in the blog.  #DollarIndex @federalreserve #ForexMarket #ForexNews #USD #USTreasuries #TradeWars #Markets 


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