Seeking Alpha - Strong Buy, page-36

Trade wars have unintended consequences and often those unintended consequences do far more harm than the actual tariffs themselves.

Returning to ORE, March has been a month where ordinary investors have largely stood on the sidelines while the vast majority of trades have involved shorters buying or selling (42.87% of shares sold have been shorts) with the level of shorts moving up from 7.7% on 1 March to 9.17% on the 20th. The Trump induced increase in market volatility is definitely part of the explanation.