Another day, another White House resignation and markets go topsy-turvy all over again. The resignation of Gary Cohn, President Trump's top economic adviser, removes "the last bulwark for free trade in the White House" and increases the likelihood of an all-out trade war between the US on one side and virtually the whole world on the other.

• Trump reportedly readying a broad range of tariffs on imports from China
• Next battleground likely to be alleged Chinese IP theft
• We're waiting to see the tariffs enacted and get the EU/China responses
• Stay on your toes and maybe consider options and options spreads
• Gold being supported by the risk of a trade war
• Oil trading lower on unexpectedly large API stocks build