Crain’s NY: Stocks sink as investors conclude trade tensions ‘are here to stay’

Excerpt from Crain’s New York Business article quoting DataTrek’s Nick Colas:

…. “Until today, investors had mostly discounted Trump’s talk about trade wars, assuming that he cares so much about stock prices that he would pull back on tariffs if markets really got hit. That assumption is now being revisited. Indeed, Nick Colas, co-founder of DataTrek Research, described it as “Placebo thinking” in a client note today”….

Read the whole article here in Crain’s New York Business!