September 16th is about to be a wild day. We now have President Trump threatening to "stop trading" with all countries that the US has a trade deficit with if the Fed does not CUT rates. This would effectively cut off trade with ~50% of all US trading partners, including Mexico, China, Taiwan, Germany, Japan, South Korea, Canada, and India. Trump says the Supreme Court has ruled that he has an "absolute right" to do so. Meanwhile, the market now thinks Fed Chair Warsh, who was just appointed by President Trump, will HIKE rates in his first rate move. Just months ago, President Trump said it was a precondition that his Fed Chair appointee is willing to cut rates. September 16th marks the next Fed decision. If the Fed doesn't cut rates on September 16th, a potential of $300+ billion in monthly US trade volume could apparently come to a halt. We will be breaking it all down in real-time.(The Kobeissi Letter)