Markets took a late-day gut punch on Oct. 14 after President Donald Trump took to Truth Social and threatened to terminate business with China “having to do with cooking oil” among other “elements of trade” in response to China slashing imports of U.S. soybeans in recent months. (1) The social media post sent ripples across the stock market. Market watcher The Kobeissi Letter reported approximately $450 billion in market capitalization had been wiped from the S&P 500 in the minutes following the post. (2) ...