MarketWatch: “Now it’s getting serious: U.S. import tariffs on Chinese goods heading up to levels last seen in 1930s”By admin_45 in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek's Nick Colas:
.... "The best historical market comparison to (Monday’s) selloff is August 2015, when the S&P 500 declined by 6.3% and had several days of 3% moves,” Datatrek analysts Nicholas Colas said. “Both 2015 and 2019’s swoons started with a sharp devaluation of the Chinese yuan. The difference now is that the move comes as part of the US-China trade war. Our work says we should expect further declines in US and global stock prices"....
Read the full article here on MarketWatch!