There's a lot of headlines to parse through this week.
On Monday, the yuan was devalued. Meaning, basically, the yuan weakened to the lowest level in a decade versus the dollar
Kenny Polcari, managing principal at Butcher Joseph Asset Management, weighed in on the yuan and what the ongoing U.S.-China trade war means for retail earnings.
"But for the retail specifically, this latest round of tariffs that Trump announced last week was really expected to hit the retailers even harder, right? Because they had been up till now kind of excluded. But now with this, with this much broader tariff--although it's only 10%, it's not big, the threat that it could go to 20 to 25% is kind of what's causing some angst," said Polcari.
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