Yield Curves Invert in U.S., U.K
Everyone serious knew that a trade war would set a recession in motion, and that it would be a trade war the US would lose because of the directionality of the trade. The thought has always been that the president was using a high leverage negotiating strategy (see <a href="https:&#x2F;&#x2F;www.newyorker.com&#x2F;news&#x2F;news-desk&#x2F;for-trump-diplomacy-is-quite-literally-a-four-letter-word" rel="nofollow">https:&#x2F;&#x2F;www.newyorker.com&#x2F;news&#x2F;news-desk&#x2F;for-trump-diplomacy...</a>, for example) to extract maximal concessions from PRC. But in the end, most of the people involving in mid and long range investment decisions thought that they could model him as a rational actor. What we are seeing is the investment community&#x27;s realization this might not be true. You can look for many recent examples of shifts in investment activity (<a href="https:&#x2F;&#x2F;www.autoblog.com&#x2F;2019&#x2F;08&#x2F;13&#x2F;ford-gm-preparing-for-economic-downturn&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.autoblog.com&#x2F;2019&#x2F;08&#x2F;13&#x2F;ford-gm-preparing-for-ec...</a>).