“This Is A Black Swan Event”: Futures, Peso Tumble As Trump Unleashes Tariffs On Mexico “Until Illegal Immigration Stops”

Friday, May 31, 2019
By Paul Martin

by Tyler Durden
ZeroHedge.com
Thu, 05/30/2019

Update 2: some borderline apocalyptic observations from Bloomberg markets live managing editor, Mark Cudmore who writes the following:

This Mexico tariff news is far worse than even the initial market reaction makes it out to be. The timing is almost immediate. Chaos for both companies and bureaucrats. No time for anyone to prepare or make contingencies. The only way the S&P 500 doesn’t sink massively today is if Trump rows back on this. The U.S. imported almost $350b worth of goods from Mexico in 2018.

What makes it even worse again, if possible, is that so many traders were hoping Trump would soon take a more conciliatory trade zone because U.S. stocks have weakened.

This is a black swan event for markets and people aren’t even registering. Maybe traders are all hoping there’s some mistake or that this won’t be implemented.

The Rest…HERE

One Response to ““This Is A Black Swan Event”: Futures, Peso Tumble As Trump Unleashes Tariffs On Mexico “Until Illegal Immigration Stops””

  1. Robert Edward Lee

    Zero Hedge is a wolf crying joke never to be taken seriously. Check this guy out though :

    https://www.youtube.com/watch?v=np4HZR0rZTE

    #3944194

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