My back-to-work morning train WFH reads:

The 18 hours that changed Trump’s mind on trade: From Tuesday evening to Wednesday afternoon, Trump and his trade advisers spoke to several Republican lawmakers and top foreign leaders who raised concerns about the faltering global markets. (Washington Post)

When the Bond Market Panics Like This… Trump’s global tariff war has wiped out more than $5 trillion in equity-market value. But, as always, the most reliable clue about what’s heading our way is the bond market. Buckle up… (Puck) see also The Fed Isn’t Rushing to Save the Markets… This Time With stocks in a steep decline and tariffs inducing recession jitters, the patience of investors may be tested. (New York Times)

Misbehaving in a Volatile Market: Volatility is heightened right now. We have volatility in markets, government policy, trade and supply chains, which translates into emotional volatility. (Wealth of Common Sense)

Keep reading this article on Barry Ritholtz - The Big Picture.

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