U.S. markets were choppy during the first half of Wednesday’s action before showing strength after a tweet from President Trump that confirmed China's Vice Premier is on the way to the U.S. to make a deal. Of course, the devil will be in the details if a deal is announced on Friday, or if there will be a delay in negotiations with another round of fresh tariffs.The slight momentum faded into...
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Buy this stock-market decline on Monday. That’s the recommendation of Fundstrat Global Advisors analyst Thomas Lee in a Monday research note, in the wake of a tumble by equity indexes across the globe partly inspired by an apparent escalation of Sino-American trade tensions.President Donald Trump ramped up conflict between China and the U.S. after he tweeted on Sunday a threat to raise...
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U.S. markets opened Monday’s session with substantial losses following a weekend tweet from President Trump that trade talks with China are moving too slowly and that he plans on raising tariffs to 25% this Friday. The unexpected news hit the major indexes with losses well north of 1% before a quick rebound recovered half the losses roughly an hour later.The rest of the session was mostly...
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