Investors may be taking a pause as they await the outcome of the U.S.-China trade negotiations and earnings results for the first quarter of this year, longtime bull Edward Yardeni told CNBC on Tuesday.
"So, we're just waiting to see if there's going to be a 'peace dividend' from a likely deal from the Chinese," Yardeni, the chief investment strategist at Yardeni Research, said in an interview on"Squawk Alley." Markets moved lower Monday, closing off their lows. The Dow Jones Industrial Average and S&P 500 on Monday saw their worst day in nearly a month.
In February, Morgan Stanley said the long-awaited earnings recession had finally arrived but investors were still too optimistic and should anticipate more disappointment as the year goes on.
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