Trade War factor portfolio that mimics the Trade War narrative, formed as a long-short Trade War beta return spread among S&P500 stocks, has earned a significant positive return over recent years. Individual-stock daily return sensitivities to changes in Trade War discussion (Trade War betas) are computed using historical rolling windows. A Trade War factor portfolio that mimics the Trade War narrative, formed as a long-short Trade War beta return spread among S&P500 s
