Concerns about trade are weighing on the stock market — and it could get worse, veteran trader Art Cashin told CNBC on Tuesday.
And if there is no U.S-China deal, that doesn't bode well for stocks, Cashin noted. Traders have"built up hope" for an agreement, which has"put a nice prop under the market." It's done the same with oil, which has been rising along with stocks, he said on"The Exchange."Just how much depends on how long the skirmish goes on.
Negotiations between the U.S. and China are ongoing. Last week, President Donald Trump said that"we'll know over the next four weeks" if there will be a deal. Meanwhile, Chinese Vice Premier Liu He, who met with Trump last week, said a new consensus has been reached between the two nations on the text of a trade agreement, according to China's official state news agency Xinhua.
You mean if the Global Slow Down continues and there is no rate cut then a sell off will occur.
washingtonpost finally got this cartoon right, A.I. sucking the life out of money, Mr Wonderful. GOPLeader kevinolearytv indystar_ wjz
The taking down of communist China is a permanent factor. There is no expectation of a quick resolution. Treat it as background noise as the US repatriates its businesses with tech taking care of the labor differential.
MFoxCNBC look at How the steel industry came back! X was 34 and now 17! Double ur money
Trump will not be President indefinitely, just settle it, stabilize Market
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MFoxCNBC Your remarks sent the market lower. Thanks for the short!
Trump has to win tradewar or continue it, for the 2020 election, so higher probability for tradewar becoming semipermanent. PowerLunch ClosingBell MelissaLeeCNBC WilfredFrost SaraEisen
kevinolearytv Who is funding this A.I Fast Food is not smooth but dumb, Mr Wonderful. DUE banks have cash to burn? FoxNews fox5dc washingtonpost wusa9 wjz ABC7News nbcwashington nbcsnl indystar_ USATODAY
Really.....
Art Cashin. The name😜, The Institution 🎯 respect