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Stock Traders Have Theories About the Timing of Trump’s Tariff Tweet

  • Equities plunge after president adds tariffs on China goods
  • Escalation comes day after first rate cut in a decade
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In China, We’re Overweight Large Cap Versus Small Cap, Says UBS’s Zuercher

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A day after posting its first 1% loss in two months, the S&P 500 posted its first 1% reversal of the year, with Thursday’s recovery from Jerome Powell’s press conference torpedoed by a Donald Trump tariff tweet.