Switzer on Saturday

Trump, Turkey, tariffs and trade war trash talk

Founder and Publisher of the Switzer Super Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
25,313.14
-196.09
-0.77%
-0.59%
S&P 500
2,833.28
-20.30
-0.71%
-0.25%
NASDAQ
7,839.11
-52.67
-0.67%
0.35%
ASX 200
6,278.40
-19.30
-0.31%
0.70%
Data for week commencing 06 August 2018

Non-believing Democrats have rudely called the US President a ‘turkey’ and I know Charlie Aitken isn’t complimentary about Donald either when he looks at what his tariffs have done to the Chinese stock market and the share prices of some of Charlie’s biggest holdings, such as Tencent. But now the actual country Turkey has been trumped by Donald and the markets have looked at this once beacon of democracy and economic success in the Middle East and have seen it as a financial crisis.

US stock markets are into the red, with the Dow down close to 200 points. Is this only a black mark for Turkey or a black swan? Remember, an unseen curve ball for financial markets is (excuse the mixed metaphor) a black swan event.

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