Things are still good... despite everything

More duties were imposed on goods traded between the US and China in September. The American government has already announced that a similar move to put tariffs on electronics will take place before Christmas. China, naturally, has been retaliating, and despite assurances of a willingness to resolve some of the issues the situation has been exacerbated rather than alleviated, while this in turn has been having an increasing impact on the global economy and the mood of investors. Disincentives to buy on the stock exchanges have also included the spectre of protests in Hong Kong and the uncertainty over this year’s elections in Argentina, which is already mired in an economic crisis. After the first round of the presidential election, the increasing likelihood that the incumbent and darling of the markets Mauricio Macri would be unseated in the final vote in October, triggered a violent sell off in the country, where one daily index plummeted by almost 40 pct! But emotions have als