It's not just the trade war – these global fears could put stocks through the wringer

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The U.S.-China trade war is spooking Wall Street, but Phil Orlando of Federated Investors says that's not the only hurdle ahead.

Phil Orlando, chief equity market strategist at Federated Investors, calls the latest escalation a "two-fer" for the White House.

"Trump is using the latest new round of tariffs on China for two reasons – first, to extract trade concessions from China on the structural issues ; second, to compel [Fed Chair Jerome] Powell and the Fed to be more aggressive come the September FOMC meeting," Orlando told CNBC's "Earlier this week, Powell cited the ongoing trade war as one of the reasons for easing monetary policy.

But, investors face more hurdles than just the trade war, Orlando said during an interview on Thursday, and it could cause market waves through to the fall. "As you get into the August, September, October time frame, you've got the Fed backdrop, and then you've got all of the overseas issues which in our view are legitimate concerns," said Orlando.

Aside from the escalating trade conflict with China, Orlando cites Middle Eastern tensions, the European Central Bank's leadership transition from

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WTF are experts thinking. The World’s economy are contracting. Pretty soon the bartender that 86’s people he doesn’t like won’t have customers.

Buy TVIX as a hedge on the down.....

What Global Fears? The EU still has its head in the sand. If they loosen Monetary Policy, the bogyman will stay the closet. Peace at any price, pays no dividend.

I’m just asking for one more week of wringer please

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