Business Maverick: Global Stock Losses Hit $2.1 Trillion Ahead of Tariff Deadline

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Business Maverick: Global Stock Losses Hit $2.1 Trillion Ahead of Tariff Deadline By Bloomberg

A tweet that US president Donald Trump, Steven Mnuchin and Robert Lighthizer were in a meeting to discuss progress completely erased early declines in U.S. stock-index futures and contracts are now up on the day. U.S. stocks also pared Thursday morning declines right after Trump said he received a letter from Chinese President Xi Jinping and that the two may speak on the phone.

Pimco’s Manny Roman joined the 80% club — both Roman and JPMorgan CEO Jamie Dimon see an 80% chance of a U.S.-China trade agreement Wells Fargo equity derivatives strategist Pravit Chintawongvanich recommends using the two largest ETFs tracking U.S. and China markets: Sell protective puts on IWM while buying them on FXI

 

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