John Authers, Columnist

Buying Anything Linked to China Is a Risky Bet

Markets seem to be underpricing the risk of the trade war, but that will change. Also, political uncertainty and the Ides of May.

China President Xi Jinping called on citizens to join a “new Long March."

Photographer: Nicolas Asfouri/AFP

Lock
This article is for subscribers only.

To get John Authers’ newsletter delivered directly to your inbox, sign up here.

With the conflict between the world’s two biggest economies over trade and intellectual property intensifying, the markets still seem oddly insouciant. This is how global stocks and volatility have behaved over the last decade — and the market does not appear to be treating this as a major historical event: