Hooper believes it's almost inevitable investors will get another batch of disappointing news on"Since the beginning, I haven't found any compelling reason why China would want to make major concessions to the U.S.," the firm's chief global market strategist told CNBC's "" on Tuesday. "I always expected that either the U.S. would accept minor concessions around making smaller the trade deficit or that there wouldn't be a resolution to this.
According to Hooper, May's market pullbacks off trade setbacks were warranted because Wall Street painted itself into a corner by wrongly pricing in a meaningful resolution to the dispute. She's warning investors that more adjustments are needed. The size and length, she said, is headline dependent."The game changer for 2019, of course, is the Fed. It changed its policy stance in a very significant, abrupt way. And so, that provides a cushion under stocks," she said.
"I would expect volatility both up and down," Hooper said. "But not a meaningful rally if we don't see some kind of resolution."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
$1.2 trillion in stock market value lost so far from trade war sell-off with more expectedStocks plunged Monday on fears the trade war damage the global economy and crush corporate profit growth. Zee___Zee See the international trand of stock But Biff says trade wars are easy to win. Unless you are short and/or bought puts.
Source: CNBC - 🏆 12. / 72 Read more »
Trump’s trade war with China doesn’t bode well for an already shaky U.S. housing marketHomeowners looking to sell may have reason to grow increasingly concerned about President Trump’s deteriorating relationship with China. Fake news. The housing market is smoking hot. Trump doesn’t care.💩👺👹🤡
Source: MarketWatch - 🏆 3. / 97 Read more »
The trade war may be just getting started, but the market damage is already doneWall Street is increasingly concerned that this more about the 2020 election than U.S.-China trade. BobPisani 2% drop for crying out loud. BobPisani 😂 they are pulling up despite danger... it’s insane fo destroy all small traders...
Source: CNBC - 🏆 12. / 72 Read more »
Market meltdown continues amid Trump's trade warWall Street saw a massive sell-off on Monday as investors responded to an escalating trade battle between the U.S. and China, after Beijing announced it would be slapping tit-for-tat tariffs on $60B of U.S. goods. The panel discusses. Morning_Joe Up 100 points at opening today.... Morning_Joe Wow, Ruhle is out of control with her guests today. Interrupting, talking over them. Not very professional. Morning_Joe Rep Tom Reed is a complete joke.
Source: MSNBC - 🏆 469. / 51 Read more »
Markets Right Now: Stocks sink as trade war escalatesNEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are plunging at the open on Wall Street Monday after China announced retaliatory... JUST IN: Sarah Sanders says “Trump never met Dow Jones. Dow Jones never worked for Trump and if he did, he was just a low level coffee boy who occasionally went on McDonald's runs for Trump.” *between Trump and the American people. Fixed it for ya I hope when theres a Dem president again we can unilaterally crash the fossil fuel and coal markets in this country to subsidize electric vehicles wind turbines and solar panels...
Source: AP - 🏆 728. / 51 Read more »
Deere could plunge into bear market if trade war continues, says technical analystDeere shares have slumped in this trade dispute, but it could get worse for the stock, says Todd Gordon, founder of TradingAnalysis.com. TradingNation
Source: CNBC - 🏆 12. / 72 Read more »