The investment playbook over the past 18 months during the US and China trade dispute has been one of ignoring the short-term noise and waiting for a buying opportunity.
Bouts of financial turmoil that knock down equities and other risk assets have been followed by periods of relative calm that spurred a rebound in sentiment and market performance.
This pattern of escalation and partial retreat between the US and China has now become a lot more challenging as big lines have been crossed in recent days.
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