Update: moments after the original post, Trump has corrected his spelling error in a follow up tweet which, correctly, accuses China of engaging in an "unprecedented act" by seizing the US naval drone.
China steals United States Navy research drone in international waters - rips it out of water and takes it to China in unprecedented act.
— Donald J. Trump (@realDonaldTrump) December 17, 2016
Barron's Asia: When you look ahead to 2017, what keeps you awake at night?
Amando Tetangco: Short term, the Fed rate hikes -- the timing and the magnitude. Of course, this would be related to the policies that the new U.S. administration will adopt. Medium-to-long term, the retreat from multi-lateralism. That is related to the performance of the global economy - the major and various economies, and emerging markets like China.
The market's message to Dow 20,000 (or China's message to 'Murica)?
Thanks to China stealing an underwater drone and quad witch shenanigans, US equities closed red post-Fed...
The escalating, so far mostly verbal conflict with China may have just heated up following a Reuters reports that China has seized an unmanned, underwater US navy vehicle inside off international waters in the South China Sea, and that the US has issued a formal statement demanding the return of the vehicle.
According to CNN, which has a slightly different take on events, a US oceanographic vessel Thursday had its underwater drone stolen by a Chinese warship literally right in front of the eyes of the American crew.
One day after China's regulator halted trading in bond futures for the first time ever, Beijing suffered another catalytic bond-market event overnight when it failed to sell all the Treasury Bills on auction Friday, for the first time in almost 18 months, as bids fell short of minimum requirements, according to traders required to bid at the auction.