No One Wants to See the US and China Playing Chicken
Markets exhale, knowing there are no winners in a trade embargo between Washington and Beijing.
Trade conflict is bad for everyone.
Photographer: Pedro Pardo/AFP/Getty Images
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The S&P 500 is at yet another record after a great Monday of trading. So are the Magnificent Seven tech behemoths, and the Nikkei 225, which has breached 50,000 for the first time. So are indexes of all-world stock markets. Investors are pulling out of gold, now worth less than $4,000 an ounce.