Trade War Could Trigger Stock Market Crash
Guggenheim: Trade War Could Trigger Agonizing Stock Market Crash
Wes Messamore 01/06/2019 News, U.S. Market News
By CCN: A Wall Street legend warns that you should expect more pain in the stock market as President Donald Trump’s trade war with China rages on.
Scott Minerd — the Global Chief Investment Officer and co-founder of Guggenheim Partners – says equities could suffer an even bigger sell-off this summer than they did in last year’s fourth quarter bloodbath.
He told MarketWatch:
“The trade tensions are likely to get a lot worse because we have never in modern times had a trade war like this.”
In a recent research note, he continued:
“Our models signal markets will make new lows in the summer. A break below December lows would mark the end of the bull market that began in 2009, Something we expect.”
Word of another possible stock market crash in the wake of U.S.-China trade tariffs comes amid a dreary week and month for the Dow Jones industrial average, S&P 500 index, and other U.S. equities benchmarks. This week, the Dow closed below 25,000 for the first time in months as investors flocked to government bonds over trade war fears.
Nightmare Scenario Will Usher in 16% Stock Market Crash
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https://www.ccn.com/trade-war-stock-market-crash-guggenheim
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