Stocks are tanking as investors fear a trade war, but there are many market pros who believe there's a rescue plan that could calm the market.
"There's a lot of conflicting things out there...There's rumors the vice premier's power has been limited," said Art Cashin, director of floor operations at UBS."You're living in a world where one Trump tweet can change everything." "I think there's a general feeling here...the bears are a little nervous he's going to come in and say something, like conversations are cooperating and maybe we can postpone this for a week, or something like that, and it could have an impact on the market," said Cashin.
Arone said the market is likely to continue selling if it looks like negotiations will be extended for a lengthy period."If it's concluded that the U.S. and China will not reach a trade agreement any time soon, you could have your typical correction, between 5 and 8%. That's not my expectation. I think cooler heads will prevail," he said.
"When the doves from the administration communicate optimism, the market has grown weary of that. [Investors] are actually following Lighthizer," she said, noting there is talk that he has been meeting with members of Congress to discuss the talks and tariffs.
Tonight, the Dji index is down, and trump is boasting every day.
Wall St has become a joke.
It shows how fragile US economy currently is. Fragile fundamentals supporting earnings growth.
Trump trades in cfd's he'll talk when he will make the most money out of it.
Oh I thought it was Obama’s stock Market. Oh that’s right it’s only when it’s up.
YO SEC_News SEC_Enforcement where is your oversight? Got an administration essentially day trading the markets and manipulating constantly. Going to attack elonmusk not realDonaldTrump
MAGA
Sad... Banana republic
Trillions of dollars held hostage to a tweet. Irrational markets.
What a circus...
if one 'Trump Tweet' can change 'everything ', then they're essentially declaring our financial system a complete fraud and based on nothing except a liar's whims
When will someone realizes all the Orange Turd in the White House is doing is manipulating the stock market with his tweets.
It’s pathetic our markets hang on the tweets of our president, but with that said if I had the ability to pump the market 1-2% with a tweet I’d probably be reckless too. “Ate some CHINAse food today. It was delicious, and it’s always so inexpensive, such a great DEAL😉🇨🇳”
Trump is playing the Market like a fiddle. options Everytime he thinks the DowJones could plummet, he speaks on fake chinatrades.
A casino lol
You got any of those trade talks going well tweets?
Algos need a lil fix
Oh dear. We at Trump's mercy for a rally now?
Dump it.. Buy Bitcoin
Oh where have all the flowers gone? Long time passing Where have all the flowers gone? Girls have picked them every one When will they ever learn? When will they ever learn?
Grow up
Sad this is what the market has turned into.
Truly amazing outstanding out of this world how 280 characters or less can entirely move or swing the market LOL $TWTR has every single fund guesser manager backtesting guru by the fuckin balls be safe trade with your brain
perhaps Trump wants to delay a deal until closer to election!
You guys should post 1-800-gambler on the bottom of the ticker. You just feed on the fear of individual investors who don't know what the fuck they are doing....
Lol
What kinda headline is that
This market is toast. Nothing can save it. The bubble is bursting. Corporate debt crisis here we come.
You mean doubling down on tariffs?
What a pathetic state of affairs for our country: our financial security is depends upon the whims of an over-grown toddler in need of a time out.
This is what traders have become: you pay them to hang around hoping tweets will save them.
so dumb
I get the feeling that Trump knows he can toss the markets fairly easily, downward in just 80 characters. Anyone knowing or expecting that tweet could make a fortune if they knew it was coming. If only the President knew people with money.
hopeeum that what kills traders!
Propaganda World CNBC
So much for rational markets
I cant tell you how warm and fuzzy that makes me feel:)
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