Trade war fears are crushing stocks, and sell-off could keep going if there is no deal by Friday

Stocks were slammed Tuesday amid worries the global economy and earnings would take a hit from a trade war between the U.S. and China.

Trade negotiators are scheduled to meet this week in Washington, but recent tensions make it less likely a deal will be agreed to before the Trump unleashes a new round of tariffs. Analysts say a deal is still possible, but the risks have risen that there will be more tariffs before a deal can be worked out, and it could then take a lot longer than expected for an agreement to be hammered out.

Keith Parker, chief U.S. equities strategist at UBS, said the hit to S&P 500 earnings would be 2% or greater, if the 10% tariffs on $200 billion in Chinese goods rises to 25%. Parker said earnings would be hit by 7% if there was a full blown trade war, while the S&P 500 could trade in a range of 600 points on different scenarios of escalation of trade wars to de-escalation, with the S&P now near the top of the range.

But at the same time, leaders in Washington and Beijing may feel like they have more leverage in the negotiations. China's recent data has shown its economy is stabilizing after months of fiscal and monetary stimulus. The Trump administration too must be feeling upbeat after a strong U.S. jobs report and higher stock prices.

We have been in a trade war for the past 25 years. Stop this fake news propaganda crap

All good, GBTC (Bitcoin) up 4% today, up 20% this week.

We're doomed.

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Here are the biggest stock-market losers after Trump threatens more tariffsChina is still sending a trade delegation to Washington, but investors panicked Monday morning.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

‘Art of the Deal’ or a serious breakdown in trade talks? Stocks point to the latterWhite House economic adviser Larry Kudlow, in a tweet that put an awkward exclamation point on Friday’s stock-market rally, cheered “we’re killing it on the... that is what you get when the only 'talent' your president has is being a rightwing populist China is not his only failing paynej247 media plays same drum every time he does anything. Meanwhile Trump gets results and they don’t won’t admit it. The US - China trade status is really impacting the stock market. This area of trade needs to be better explained to the people. Increase of tariffs on China does not create GDP increase unless we export more or import less. The US will import less.
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

Trump escalates trade war just as investors were starting to believe in stocks and economy againProfessional investor positioning and sentiment now reflects a broad acceptance of a resilient U.S. economy and the chance for further upside in the indexes through the year michaelsantoli FreeTibet FreeTaiwan Kundun Absolutely planned by realDonaldTrump No other explanation. This has nothing to do with the trade deal and everything about market manipulation. Poor babies cant sell to 401k customers at the top....Stop crying and help MAGA.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »