""""""""""""""Well TRUMP has backed off a bit on the CHINA matter"""""""
Pivoting away from a full-blown trade war, Trump plans to issue a broad memorandum that directs federal agencies to study existing trade policies and relationships with China, Canada and Mexico, the Wall Street Journal reported earlier Monday.
Wall Street breathed a collective sigh a relief after Donald Trump held off from imposing China-specific tariffs on his first day in office, pushing US equity futures higher. The dollar slumped.
“I do think, and maybe it’s just a hope, that Trump backs off from his most extreme rhetoric, especially on the deportation and tariff fronts,” said Marvin Loh, senior macro strategist at State Street Global Markets.
Monday’s whipsaw moves in equity futures and currencies, on a day when much of US trading was closed, nevertheless provided a foretaste of the uncertainty and volatility to come, according to Michael Green, chief strategist at Simplify Asset Management.
“The challenge becomes are you protecting against the risk of tariffs, or the risk that expected tariffs are not going to be put on?” Green said in an interview with Bloomberg TV. “It becomes a really challenging environment, one that likely translates to higher implied volatility.”
Pivoting away from a full-blown trade war, Trump plans to issue a broad memorandum that directs federal agencies to study existing trade policies and relationships with China, Canada and Mexico, the Wall Street Journal reported earlier Monday.
Wall Street breathed a collective sigh a relief after Donald Trump held off from imposing China-specific tariffs on his first day in office, pushing US equity futures higher. The dollar slumped.
“I do think, and maybe it’s just a hope, that Trump backs off from his most extreme rhetoric, especially on the deportation and tariff fronts,” said Marvin Loh, senior macro strategist at State Street Global Markets.
Monday’s whipsaw moves in equity futures and currencies, on a day when much of US trading was closed, nevertheless provided a foretaste of the uncertainty and volatility to come, according to Michael Green, chief strategist at Simplify Asset Management.
“The challenge becomes are you protecting against the risk of tariffs, or the risk that expected tariffs are not going to be put on?” Green said in an interview with Bloomberg TV. “It becomes a really challenging environment, one that likely translates to higher implied volatility.”