"The S&P 500 was briefly in bear market territory, but it quickly bounced out of it. Whether the bear mauls again depends on Trump policies, but the hit to confidence caused by the erratic stance of the US on tariffs may be difficult to reverse."
Andrea Cicione, head of research at TS Lombard
“Trade is more important to China than to America, and its economy is in a more dubious place at present. But game theory (and common sense) show that what matters most when dealing with an aggressive bully is pain threshold. If you can soak up more pain than they can, you’ll prevail, even if it hurts.”
John Authers, journalist at Bloomberg
“If truth is the first casualty in wars, bonds usually come a close second.”
Luke Gromen, economist
“This is like chess on a global scale, and we don’t really know how it’s going to play out.”
Simon Steyn, portfolio manager at Peregrine Capital