After the Trump Administration announced that it would impose 10 percent tariffs on another $200 billion worth of Chinese goods, starting Monday September 24 – and then the Chinese said they would retaliate with 5-10 percent tariffs on $60 billion of U.S. goods, the stock market rallied…and then kept on going up, throughout the week. The proximate rationale for the bump was that tariff levels were lower than expected and on the U.S. side, excluded a number of consumer-friendly goods, like iPhones, smart watches and sneakers.
Read MoreFive days after implementing tariffs on $34 billion worth of imported Chinese goods, the Trump administration released a list of an additional $200 billion worth of Chinese imports that will be subject to a 10 percent tariff. On the day of the announcement, stocks slid, but only by about a half of a percent. By the end of the week, it seemed like investors had forgotten about the announcement and instead were focusing on corporate earnings and the strength of the economy.
Read MoreMany parts of the country recently experienced a heat wave and with extreme temperatures, come the usual warnings: keep your pets indoors, don’t overdo physical activity and hydrate often. It just so happens, that the heat wave coincided with the implementation of U.S. and Chinese tariffs, which prompted some tea-leaf readers to come to a boil on the markets and exclaim “SELL EVERYTHING!” Before you take any action that would pre-empt your game plan, here’s a handy summertime hint: stay cool with your investments!
Read MoreStocks dropped by nearly 3 percent Thursday and another 2 percent on Friday, closing out the steepest one-week percentage decline for US indexes since January 2016. The proximate cause was President Trump's announcement that the U.S. would levy 25 percent tariffs on up to $60 billion dollars worth of Chinese imports.
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