David Miller: What the US/China trade war means for investors

Markets remained on edge last week with daily movements exhibiting reason, if not rhyme. Equities moved higher, except in the US, and bonds lower. The dollar was the currency of choice for the second week in a row. The reasons are in plain sight. If investors are presented with an escalation in the trade war between the US and China then, most likely, they will react by selling the shares of the big companies like Caterpillar and Boeing that will be disadvantaged. Similarly, when social media is in the ‘dock', the companies that provide the infrastructure are unlikely to be at the top...