Editor’s Note: The summary bullets for this article were chosen by Seeking Alpha editors.
After weeks of hearing about trade negotiation “progress”, the talks broke down with no resolution in sight. Trump ramped up trade tariffs against China and left the market with a higher level of uncertainty.
The Fed is currently on hold regarding rate hikes and while the trade war is a negative, the Fed pausing is a positive.
US Equity ETFs saw large outflows of -$8.1 billion (-$1.6 billion previous week) last week. International ETFs also saw outflows of-$0.8 billion (+$0.2 billion previous week) and Fixed Income ETFs saw outflows of-$0.2 billion (-$8.6 billion previous week) last week.