host Jim Cramer took Trump's move as a strategy meant to keep the United States' upper hand:
Chris Verrone, partner and head of technical analysis at Strategas Research, believed the market response was "corrective": Jonathan Golub, chief U.S. equity strategist at Credit Suisse, said he doesn't know what President Trump will do next, but is looking at the"This is a spasm. You went from a couple of days ago with a VIX [] of 12 — it's ... 21, the last time I looked at the tape. … I'm looking at the 10-year more than anything else. When the 10-year [yield] is well below 2[%], it's really signaling something bigger than this. And if you saw these moves, these were beginning even before this.
"I think that the big risk is for large companies in that they're likely to further put off major capital expenditures, and that's been one part of the economy that has been weak. They may put off some hiring decisions. I mean, we really haven't seen that yet. We've lost a little bit of momentum in job growth, but it's still pretty solid. But that would be one place to look.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
realDonaldTrump Gonna take the credit for the stock market drop?
TradingNation I guess even Cramer and those “other experts” do not know 🤷🏻♂️
TradingNation new page Where is the patriotic movement to stop buying “made in China”.. stop buying clothes and shoes made in China like and retweet
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks slide amid US-China trade war escalationWe're watching markets slide amid escalations in the the US-China trade war. The S&P 500 is having its worst day of the year and the Dow and Nasdaq are both down more than 3%. Watch live on Facebook: You watch, The Donald will tweet out that the US and China are nearing a deal so he will postpone the new tariffs he has threatened to impose on China. He may even lower some of those already in effect. That’s is first impact. The markets will stabilize once th companies announce they’re coming back home with lots of jobs for Americans
Source: CNN - 🏆 4. / 95 Read more »
Stocks plunge on Wall Street as US-China trade war escalatesNEW YORK (AP) — Stocks are plunging on Wall Street Monday on worries about how much President Donald Trump's escalating trade war with China will damage the economy. Major U.S. indexes are headed... Thanks Obama! Trade wars are good and easy to win Trump better watch his moves. The economy is the one thing that may save him next year. If that goes in the tank, he’s toast.
Source: AP - 🏆 728. / 51 Read more »
US stocks post worst day of the year after China devalues its currencyThe Dow dropped 767 points after China devalued its currency in an escalation of the trade war with the US. It fell as many as 961 points Monday. Trump is manipulating the market again. Wish we could see his tax returns, and see how much stock he sold yesterday. Only an idiot would not expect China to fight back Feel like winning yet? normal for the stock market to fluctuate; up and down. stop the hysteria. constantly going up isn't normal or healthy. all rights reserved
Source: cnnbrk - 🏆 393. / 55 Read more »
Stocks Close Sharply Lower as Yuan Reels and Trump Jabs at ChinaStocks were pummeled by selling, pushing indexes from New York to Shanghai lower, as the yuan slid and fresh trade threats between Beijing and Washington raised fears of an economic slowdown. Wow a whole 7 months ago. Fear mongering again. Can almost taste the sweet victory with winning the trade war. Can't you? Since...last December. Gee, all the way back then huh?
Source: WSJ - 🏆 98. / 63 Read more »