As Trump’s trade war escalates to ‘new heights,’ Wall Street warns investors are in for more whiplash
|08/24/2019||Posted by BusinessMediaguide.Com under General World News||
- Market strategists across asset classes are warning investors the turbulence that’s proliferated in recent weeks will rage on as President Donald Trump’s trade war with China enters new territory.
- Referring to the US dollar’s strength, one foreign-exchange strategist told clients: “More losses are likely in the coming week as investors and central banks grow more concerned about recessions.”
- The escalation comes as stock investors are dealing with the fallout from an inverted yield curve, a signal from the Treasury market often associated with economic recession.
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