Morgan Stanley CEO James Gorman: A trade deal will not lead to a 'meaningful' rally in stocks

div > div.group > p:first-child"> Stopping the trade spat from turning into a true trade war"is clearly a positive. I think the market would rally on the news of that," Gorman said during an interview at the Council on Foreign Relations. But"would it be a meaningful rally? I'd be very surprised."

Gorman made his comments after President Donald Trump told reporters earlier in the day he thinks a"very big spike" will take place in the stock market once a trade deal is reached. Stocks are up sharply this year in part because of increasing expectations for a U.S.-China trade deal. Since the start of the year, the S&P 500 is up more than 8 percent.

However, stocks struggled this week in partially due to worries that most positive news on trade was already priced into the market. "I think the market has been observing the trade talks for a while. I think there will be some deal involving some set of victories on some sheets of paper, some warm hearts and handshakes, but the fundamental challenges on global trade will not be resolved in the next days, weeks or even months," Gorman said."These are multi-decade issues."

SHORT SHORT SHORT There have been multiple warnings to get out for weeks...

A one day 'pop' then, ya better be careful.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

China is a key market for Tesla, but keep expectations 'very low,' Morgan Stanley saysTesla has ambitious growth targets in China that make Morgan Stanley 'cautious,' exemplified by recent trade issues, analyst Adam Jonas said in note to investors Wednesday. $TSLA needs to merge with $NIO. best to stay away from China, because of immense Technologieklau On the contrary. In China made Tesla will be cheaper in total costs and will therefore be more competitive on the global market. Expecting is greater profit, and the price of the stock will grow greatly.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »