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If stocks rally on a US-China trade deal, 'take profits very quickly,' Stephen Roach says

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If stocks rally on a US-China trade deal, Stephen Roach says investors should 'take profits very quickly'

One of the world's leading authorities on Asia expects a U.S.-China trade deal but suggests any market rally off the news will be fleeting.

"When the dust settles, there'll be some realization that this is not a fundamental breakthrough — that the conflict will be enduring," he said Wednesday on CNBC's"Trading Nation.""Take profits very quickly, which would be my sense." China would likely agree to multiyear purchases for agriculture, soybeans and energy and other categories, according to Roach. However, he contends that won't be enough to keep, or even get, U.S. investors excited.

 

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His interview with Kayla Tausche was very telling: Roach said the piece meal approach to the China trade deal is a fluke; he said the bilateral investment treaty would have more punch allowing a evenhanded playing field!

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Bad advice .

The need 2 bankrupt the system...? (Bigger investors first taking the debt collection on a .... (22 trillion expense 2 b paid b 4 the 'take profits...? ))

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