Vague US-China deal fails to 'clear the air' for companies to start spending and investing again

Wall Street analysts were largely skeptical of Trump's announcement on Friday of a substantial trade deal, as Evercore ISI strategists noted that it "focused on the low-hanging fruit, with a lot vague or not addressed."

China's trade negotiators want to meet for more talks in the next couple of weeks, people familiar with the matter told CNBC'son Monday. Before Chinese President Xi Jinping signs the "phase one" trad agreement, the nation's negotiators want to add more detail. "We believe it sets a floor for markets for at least the next 1-2 months," Credit Suisse analysts Dan Fineman and Kin Nang Chik said.

"At this point we continue to expect implementation of that tariff round ... though likely with a delay into early 2020," Hatzius said.

This headline might as well be “Stock Market Yet Again Surprised That Trump is Full of Shit”

There's no deal... ask China 👈❗

Umm, sir realDonaldTrump, a moment please... dealornodeal

Maybe yhe bozos on Wall Street will realize that he only floats the idea of a deal from time to time to artificially juice up the market.

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.

Next recession: Why it's still likely despite US-China trade agreement - Business InsiderInvestors are underestimating the severity of the US-China conflict and how it might lead to a recession, according to Lazard Asset Management. Life is full of cycles, day and night, love and hate, birth and death, sunny and cloudy, ups and downs, summer and winter, wet and dry, win and loose, now if we can only teach that to all the educated idiots, what a wonderful world it would be! ENJOY!
Source: BusinessInsider - 🏆 729. / 51 Read more »