Excerpt from Barron’s quoting DataTrek co-founder Nick Colas:
… “Expect the trade back-and-forth to continue to dominate the market action, writes DataTrek’s Nicholas Colas.
“The most recent Gallup survey shows a 46% approval percentage, a high for his presidency and better than either Presidents Reagan or Obama at this point in their first term,” he explains. “Bottom line: the president feels he has some political capital to spend on the trade issue, even if it temporarily dings U.S. stocks. Look for more negative headlines this week (like the Lighthizer news after the close)”…
Read the full article here on Barron’s!