The trade war may be just getting started, but the market damage is already done

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ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Wall Street is increasingly concerned that this more about the 2020 election than U.S.-China trade.

So what's going on? Traders are increasingly concerned that this is not so much about U.S.-China commerce as it is about the 2020 election, which means trade tensions — and who knows what other forms of market volatility — is likely to be around for a while.

Hence, the market reset we are seeing. Everything was down 2% to 4% Monday, particularly country-based ETFs like Germany, South Korea, Mexico and Brazil. It didn't matter much what sector you were in or whether you were a developed or a developing economy. Everything was down, because if we are entering a long-term trade war, global growth will be lower, global earnings will be lower and the market multiple will be lower.

"The uncertainty is very hard to model," said Alec Young, managing director of global markets research at FTSE Russell. "The market gave the president the benefit of the doubt and got burned. Now, he has lost credibility, so it will be a bigger problem for stocks. You can't just easily put a positive spin on things and assume it will work out."

The bigger issue traders are grappling with is the looming election: Are tariffs a permanent part of the U.S. economy? President Donald Trump has not removed any of the tariffs that have been imposed. Young is not sure if tariffs are permanent, but he has reset his expectations for market volatility: "We just have to live with this uncertainty, which means stocks trade at a lower level than they normally would."

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

BobPisani 😂 they are pulling up despite danger... it’s insane fo destroy all small traders...

BobPisani 2% drop for crying out loud.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 12. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

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Wall Street Weekahead: Trade turbulence shows market vulnerability as stocks get pricierStock valuations have climbed to levels reached just before Wall Street's l... Pay at your own risk Don’t buy high. The low is coming Expect the economy to tank. Stocks are artificially high because CORPS have bought back their own stocks with the GOPTaxScam$ Only saving grace is that they also bought high. Remember 2008-2009. And there wasn’t a tariff war 🔴 islamic state 🔴 Breaking Wilayah India Junud Khilafah berbaku tembak dengan tentara India kafir di Amsyi Burah, Syubian, Kashmir, menewaskan beberapa dari mereka. Walillahilhamd. isis
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »