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Investors needed nerves of steel throughout the week as Donald Trump’s tweet sent financial markets up and down in rocky trading sessions. The VIX index, which is broadly viewed as a fear measure, spiked as high as 23.4 compared to 13 last Friday as global equities collapsed to multi-month lows. On Friday, President Trump carried out his threats and raised tariffs on $200 billion of tariff goods. At the same time, he said that President Xi Jinping wrote him a “beautiful letter”, suggesting that China was ready to make some concessions and to finally move forwards with the trade deal. The Donald concluded by saying that he has “no idea what’s going to happen.”

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