Stocks plunge as US-China trade war escalates—Cramer and other experts on what's next (via TradingNation)
host Jim Cramer took Trump's move as a strategy meant to keep the United States' upper hand:
Chris Verrone, partner and head of technical analysis at Strategas Research, believed the market response was "corrective": Jonathan Golub, chief U.S. equity strategist at Credit Suisse, said he doesn't know what President Trump will do next, but is looking at the"This is a spasm. You went from a couple of days ago with a VIX [] of 12 — it's ... 21, the last time I looked at the tape. … I'm looking at the 10-year more than anything else. When the 10-year [yield] is well below 2[%], it's really signaling something bigger than this. And if you saw these moves, these were beginning even before this.
"I think that the big risk is for large companies in that they're likely to further put off major capital expenditures, and that's been one part of the economy that has been weak. They may put off some hiring decisions. I mean, we really haven't seen that yet. We've lost a little bit of momentum in job growth, but it's still pretty solid. But that would be one place to look.
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