Spiky.
As speculated in last week’s recap, the narrative changed abruptly over the weekend as Trump climbed down from his hostile rhetoric of the previous Friday, posting on social media “Don’t worry about China, it will all be fine!” Going full TACO, he referred to an “eternity” of time for discussions to make progress between now and his proposed 100% tariff imposition date of November 1st.
On the shutdown front and the data desert in particular, we learned that the CPI inflation report may be released on October 24th, but there was still no sign of the postponed Jobs Report for last month or even…
The skinny
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