Stocks need to drop at least 10% before Trump changes harsh trade tone: Raymond James

Raymond James' Ed Mills says equities would have to experience a correction of at least 10% "before Trump starts talking up the prospects of a G20-timed deal.""While there is some hope for continued talks, longer-term expectations are being downgraded on the ability to strike a meaningful deal unless political calculations see a significant directional change over the next couple months," Mills says.

Mills wrote in a note to clients Tuesday that equities would have to experience a correction of at least 10% "before Trump starts talking up the prospects of a G20-timed deal." Trump and his Chinese counterpart, Xi Jinping, are expected to meet at next month's G-20 summit. "In the meantime, we expect threats of escalation by both sides in an effort to build negotiating leverage ahead of the G20 meetings," Mills said. "While there is some hope for continued talks, longer-term expectations are being downgraded on the ability to strike a meaningful deal unless political calculations see a significant directional change over the next couple months."

Trade tensions between China and the U.S. reemerged last week after Trump hiked tariffs on $200 billion worth of Chinese imports. The president also raised the possibility of slapping tariffs on an additionalStocks have fallen sharply since Trump first threatened to raise levies on Chinese goods on May 5. The

I feel this is just fake news. Even though I’m not republican but Trump is doing right stuff on tariffs to avoid China 👍

So, by Friday then, eh?

Blatant manipulation.

😂 if you brake many times that could fell that wouldn’t be easy as you people think..

WHAT POTUS SAYS SHOULD NOT EFFECT THE MARKET. BECAUSE IT IS NONE STOP

Trump’s probably trying to time a market dip and recovery for the election year.

Trump controls the market. His kids buy and sell what ever stock based on the insider information that Trump has. Trump buys and sells stocks based on his tweets and Greed. Trumps mouth decides if market goes up or down. Trump buys stocks and shorts stocks.

Nice, let's see 5% more today and another 5% tomorrow.

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What to watch today: Stocks bounce, Trump jawbones China on trade, Supreme Court rules against AppleU.S. stock futures point to gains at the Wall Street open but would only make up a fraction of Monday's steep losses. This stock market is turning into an alternate daily experience. So, today is the 'Up Day'. Why Would Any Smart Person Be Even Playing In The Stock Market Right Now? HAHAHAHAHHAHAHAHA
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Stocks bounce off lows but remain in retreat after Trump claims China ‘broke the dealU.S. stocks bounce off lows but remain in retreat Thursday as trade tensions ramped up after U.S. President Donald Trump threatened tariff retaliation on...
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The 'Trump put' saves stocks as investors bet the president won't let the market collapseStock market losses could have been far worse this week if investors did not believe a trade deal is coming-or in a 'Trump put.' Trump-the-Clown is doing an 'Apprentice' move on us right now. Do Not Fall For It. WakeUpAmerica They manipulate the market everyday and you buy into it because he receives love letters. You don't think leaders all over the world know what they are doing manipulating him. One day we will be left with the rubble and your reporting will be like...we did not see that coming. It works until it doesn’t.
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