Markets are lower this morning as selling pressure from the US Dollar strength is weighing on the markets. The dollars strength is coming as the US and China both went ahead with threats to apply new tariffs on each other over the long weekend. On Sunday the Trump administration went forward with plans for new tariffs on more than $100 Billion of Chinese imports with duties pushed back to December 15th on an additional $200 billion of goods. China retaliated with tariffs on US goods, but filed an official complaint with the WTO over the new tariffs from the US. The US and China have not set a date for new face to face talks with mistrust building on both sides following the weekend tariffs. The markets want to see new negotiations underway as worry begins to grow that China will wait for the 2020 presidential election.
Hurricane Dorian is expected to produce a ridge of high pressure over the South Central US beginning tomorrow and lasting most of the week that will bring with it warmer than normal temps. This will keep the threats of frost for the central US at bay at least into the 20th of September.
Have a Safe Day!