Here’s the good news about the stock market. It’s not open on Saturday. Hopefully, the weekend will give the US and China time to cool off the heated rhetoric around competing tariffs which has the two countries moving towards a full-on trade war and a serious hit to the global economy. In the meantime, the market boom is going kaboom.

+ AP: China’s government vowed Friday to ‘counterattack with great strength‘ if President Donald Trump goes ahead with plans to raise US tariffs.

+ Some background from CBS News: Trade war with China: What you need to know. And from WaPo: In a US-China trade war, who has more to lose? (If my portfolio is an indication, the answer is me.)