Chris Beauchamp, Market Analyst of Ig, the Online Trade Platform, is becoming a stampesting of selling risk assets.
Stocks continue to fall while announcing China’s retaliation tariffs
On the 2nd day of the Trade War, Trump saw that stocks fell further and that countries began to seriously respond to the tariff bonanza on Wednesday. Dow Futures fell below 40,000 and approached 39,000 news that China will respond with new tariffs. Chaos, which swallows the global economy, makes stagnation much more likely, so we have seen that the chances of Fed rates increased in May and June meetings.
Is it likely the short -term jump?
Today’s trade had a panic atmosphere that could provide fuel for a short -term leap, but it will not continue for a long time until the management changes the setting on tariffs or gets tax reduction plans through such rallies. VIX raised levels, investors can continue to expect wild fluctuations for now.
