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CIO Vontobel Wealth ManagementMore Articles
Whilst the current discussions over tariffs are rattling investors’ nerves, a global trade war, which would hurt all parties and reduce global economic growth therefore affecting corporate earnings, seems unlikely. We see the most recent saber rustling by the US President as political posturing ahead of the November mid-term elections. Meanwhile, Facebook’s data leak has put social media in a negative spotlight. What will the consequences be?
Markets are correct in pricing in a higher degree of uncertainty but a trade war seems unlikely.
Any new invention ultimately gets regulated.