Trade Wars Brewing

Trade Wars Brewing

On March 1, 2018, President Trump announced via Twitter that “trade wars are good, and easy to win.” Soon thereafter, the White House floated the idea of a 25% tariff on all imported steel and 10% on all imported aluminum to disadvantage imports and support the...
Canaries in the Coal Mine

Canaries in the Coal Mine

In our last update, we noted that the theme of 2018 was to be coordinated global growth. In the past quarter, however, three indicators have caused us to become more cautious more quickly due to the increased likelihood of a correction or worse: increased volatility,...