Update: US Container traffic and Escalation in the Baltics and Ukraine?

 President Trump will get more extreme on tariffs. Watch China & the EU. Russia will escalate in Ukraine after a significant hi tech defeat. Neither is bullish for financial assets. If Putin escalates in the Baltic on top of his current escalation there, the conflict could become kinetic between navies as much by accident as design. The Shangri La Conference in Singapore was all-but-boycotted by China. This shuts down a traditional forum for dialogue. The Signal data from the Port of Los Angeles shows no upsurge in inbound container traffic through June 21 (see data at end).