Macro Briefing: 22 August 2018

Cohen pleads guilty, implicating Trump: CNN
Former Trump campaign chairman Manafort convicted on fraud charges: The Hill
Legal blows raises impeachment risk for Trump: Politico
Pressure rising on Trump to take a tougher stand on Russia: CNBC
US-China trade talks set to continue today: Reuters
Economists expect further slowdown in China’s growth if trade war rolls on: SCMP
US existing home sales for July expected to edge lower in today’s release: MW
S&P 500 briefly trades at a record high before closing just below previous peak: