Three consecutive pieces of bad news this week:
1. Trump threatens to impose a 100% tariff on Canada. It may trigger retaliation from Canada and China.
2. China and the United States plan to jointly intervene in Japan's exchange rate. This could panic carry trade investors.
3. The probability of a government shutdown in the U.S. on January 31 has risen to 78%, raising concerns about another October.
1. Trump threatens to impose a 100% tariff on Canada. It may trigger retaliation from Canada and China.
2. China and the United States plan to jointly intervene in Japan's exchange rate. This could panic carry trade investors.
3. The probability of a government shutdown in the U.S. on January 31 has risen to 78%, raising concerns about another October.