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Trade War Risks Ease
A razor-sharp focus on incremental progress between the United States and China on trade has been a bullish fundamental for the Dow Jones and its sister indices.As the Dow has now all but erased its sizeable dip in 2018, it seems a natural assumption that the market has effectively priced out the dangers of further tariffs. What you get is a “best loser,” which traders clearly believed was the US as can be seen by the strength in the dollar and weakness in the yuan.The dip in the Dow Jones and other major global stock indices was written off as overdone by many great traders, with Paul Tudor-Jones noting on CNBC that calling it a trade “war” was mere hyperbole,“I would call it more of a trade irritant than a real trade problem. However, if you are buying solely based on trade war optimism, then you need to make sure you feel confident that the orange is as juicy as the global media establishment has made it look.Already, the Dow has lost more than 200 points after analysts predicted that bullish trade deal sentiment would buoy the markets on Monday.Looks like it’s decision time.Disclaimer: The views expressed in the article are solely those of the author and do not represent those of, nor should they be attributed to, CCN.Financial trader and speculator from Great Britain living in the Hills in Los Angeles.
As said here by Francois Aur?