One of the oldest techniques of deception is to refocus the audience’s attention to another focus, so as not to notice the main event, this is also the basic modus operandi of magicians. After a few days of increasing Trump’s exposure to the risk of impeachment, today the US President’s administration has come up with the idea that it is considering ways to limit exposure of corporate investment portfolios to China, news that not only negatively affected Wall Street as a whole, particularly the Nasdaq, but pushed one ETF, which includes Chinese technology companies such as Baidu or Alibaba, to a -1.5% loss.
Photo by Kayla Velasquez.
The noise created unlike many others that have already occurred, released by Trump or White House representatives, with its validity as an option now being very dubious, but nevertheless fulfilling the main objective of withdrawing for some time, the issue of spotlight impeachment. At the economic level, the data were not positive with US private consumption almost stagnating with a rise of only 0.1%, and next week the Institute for Supply Management figures will give an even more reliable picture of impact of the introduction of commercial tariffs at the beginning of the month.
