Steve Sosnick, Interactive Brokers chief strategist, discusses how US-China trade talks are shaping the contours of the US stock market outlook.
Photo Editor: Alfred Weidinger via Flickr Creative Commons
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Interactive Brokers Traders Insight
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Stocks rallied the first half of the week as markets tried to anticipate the potential impact of tariffs previously announced by the White House. Soon after the closing bell on Wednesday, President Trump’s new tariffs surprised markets.
The sell-off has yielded attractive stock bargains.
The S&P 500 is not often down for five consecutive weeks, so one has to think this might be the week the market attempts a rebound. There’s a good chance of a bounce, but whether it happens is another question.