From Business Insider:
US stocks have been on a violently rocky ride for the past few weeks as the prospect of a global trade war has moved toward becoming a reality.
The market has been through plenty of turbulent periods before, but Brad McMillan, the chief investment officer at Commonwealth Financial Network, a $150 billion firm, says that “this time, things really are different.” […]
Unsurprisingly, Brad McMillan, the chief investment officer of Commonwealth Financial Network, is troubled by what he has seen unfold. He views the imminent global trade war — stoked by the US and China in recent days — as a nearly unprecedented occurrence, and he’s not sure the market is ready for it.
“You can say this time is different, and it ends up not being so — but this time, things really are different,” McMillan told Business Insider by phone. “It marks a departure from what we’ve seen for the last 30 years. It’s the unpredictability and uncertainty that has people so worried.”