JP Morgan have downgraded their view on Chinese stocks on their expectations for a worsening trade war
- "A full-blown trade war becomes our new base case scenario for 2019"
- "There is no clear sign of mitigating confrontation between China and the U.S. in the near term."
Lucky there is forexlive to get everyone ahead of the game, been sounding the alarm bells on this since February when Mr Ross first opened his gob on trade restrictions and tariffs.
Sheesh .
Here is a link to more from JPM. Better late than never.
