Stocks are tanking as investors fear a trade war, but there are many market pros who expect the Trump administration to hold off raising tariffs and calm the markets.
Stocks are tanking as investors fear a trade war, but there are many market pros who believe there's a rescue plan that could calm the market.
"There's a lot of conflicting things out there...There's rumors the vice premier's power has been limited," said Art Cashin, director of floor operations at UBS."You're living in a world where one Trump tweet can change everything." "I think there's a general feeling here...the bears are a little nervous he's going to come in and say something, like conversations are cooperating and maybe we can postpone this for a week, or something like that, and it could have an impact on the market," said Cashin.
Arone said the market is likely to continue selling if it looks like negotiations will be extended for a lengthy period."If it's concluded that the U.S. and China will not reach a trade agreement any time soon, you could have your typical correction, between 5 and 8%. That's not my expectation. I think cooler heads will prevail," he said.
"When the doves from the administration communicate optimism, the market has grown weary of that. [Investors] are actually following Lighthizer," she said, noting there is talk that he has been meeting with members of Congress to discuss the talks and tariffs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump's trade fight with China sends Dow plunging 350 pointsStocks slid on Monday in early trading after President Donald Trump threatened over Twitter to hike tariffs on Chinese imports.
Read more »
Trump's China tariff threat sends Wall St. lowerThe Dow bounced back after plunging over 400 points at open, as the deepening U.S.-China trade war spooked markets
Read more »
Surprise threat from Trump to raise tariffs sinks stocksStocks fell sharply after President Donald Trump issued a surprise threat to raise tariffs on Chinese goods just as talks to end the longstanding trade conflict appeared to be winding down.
Read more »
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
Read more »
How to trade stocks as Trump threatens China with new tariffsThis is how to trade stocks as Trump threatens China with new tariffs, according to TheAroraReport
Read more »
Stocks close moderately lower after dramatic comeback as Trump reignites trade-war fearsU.S. stock futures under sharp pressure -- Nasdaq-100 futs down 2.4% -- as global investors caught off guard by Trump threats to lift China tariffs. Your move China.
Read more »
Opinion | Only one 2020 Democrat fully grasps the threat Trump posesElizabeth Warren is treating the Trumpist moment with the comprehensiveness it deserves.
Read more »
Opinion | Tillis and others tried to mollify Trump and wound up pleasing no oneOpinion: Tillis and others tried to mollify Trump and wound up pleasing no one
Read more »