We have a lot to cover in this Weekly Update with Brett Witkowski!

President Trump and Xi are trading barbs over rare earth metals, and the market is reacting. While we’re still in an uptrend, last week we saw a sharp pullback that nearly reached the 50-day mark.

The rumor mill is spinning fast: reports of the South Korea summit being called off, China targeting the Wall Street Journal, and Besset preparing to stabilize markets. For now, these remain purely speculative.

So what does it all mean? Having unexpected bad news when the market is sitting at an all-time high can be dangerous. Historically, both Trump and China have escalated tensions during these “public spats.” Is this just more gamesmanship ahead of the South Korean summit?