Mike Zigmont, author of the Zigmont Report, is a partner at New York-based Harvest Volatility Management, a hedge fund with over $10B AUM, offering volatility management solutions to its investor base worldwide. Mike has been publishing his daily newsletter (Monday-Friday) privately for the firm’s investors and his personal contacts in the investment business since 2008, sending it daily shortly after the market close.
The opinions expressed below are my own
A little more trade concern. The trade rhetoric is getting a bit worse and it’s looking like trade frictions are coming. The prior trade noises might not be empty threats after all and investors are starting to price in the negative outcomes. The street is still very optimistic when it comes to trade issues. I might go so far to say it’s Pollyannaish but maybe the street has it right and I’m pessimistic.
As we said last week, the market’s view of trade issues will only be right or wrong in hindsight.
Investors are still quite calm generally. Today was just a tremor. We’ll have to see how the coming headlines agitate or placate investors.
Things are pretty quiet however so the bulls have the sentimental advantage for the moment.
See you tomorrow,