How the market sell-off could get much worse: 'Better put on your helmet'

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The market is now grappling with the likelihood of no trade deal, but the critical issue is tariffs.

I asked UBS Art Cashin if traders would be satisfied with 1) no new tariffs on Dec. 15, 2) keeping additional tariffs, and 3) no deal going into the new year.

If additional tariffs are put on Dec. 15, that is a different story: "Then there's another sell-off. If they put on additional tariffs and he bumps them by 10% or 15%, a sell-off but nothing severe. 50% or something like that? Better put on your helmet," Cashin said., which is down 3.5% this week and which has a huge manufacturing footprint in China around its iPhone, is particularly susceptible to an escalation in the trade war, according to Dan Ives at Wedbush.

Despite signs that even a so-called phase one trade deal might not be achieved, bulls are still holding out the prospects that the markets might be mollified by some sign — any sign — that talks are continuing. "If a trip takes place, it could be announced sometime late this week for negotiations mid-to-late next week," he said. "This could provide an opportunity for officials to rebuild good faith around avoiding the Dec. 15 tariffs.""Alternatively, direct intervention by Trump and Xi following a phone call may further extend the current tariff schedule," he said. "There is speculation that the Nov. APEC summit could be rescheduled for some time in Jan.

 

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bashycrypto Hmm

bashycrypto

Or it could get better..,, clowns

How does a helmet protect you from a market sell off? You should be moving your 401k to cash instead.

HUGE sell off... LOL. Chart doesn't look so bad over the last 3 years...

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 12. in TH

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