Weekly Market Summary: Trade Dispute Sparks Return of Volatility
David Peltier, Senior Investment AnalystUpdated: May 11, 2019
Needless to say, this week got off to a bad start for Bulls, before Monday morning even rolled around.
Selling pressure started over the weekend, when most investors probably weren’t even thinking about stocks. President Trump fired off a tweet on Sunday, suggesting the U.S. would raise tariffs on $200 billion Chinese goods from 10% to 25% on Friday and consider taxing another $325 billion of items.
A war of words ensued on both sides and the news kicked off a roller coaster ride in the global markets. The U.S. followed through with its threats on Friday and the Chinese have promised retaliatory trade actions.… Read more