INSUBCONTINENT EXCLUSIVE:
war.
Stocks pulled back from record highs to start December, undermined by comments from Trump and others in his administration suggesting
any deal to resolve the trade dispute between the United States and China would not come soon
15, when the next tranche of US tariffs on Chinese imports is set to take effect.
At the start of the week, investors said equity prices
surprise levies on steel imports from Brazil and Argentina.
Optimism over a US-China truce has helped push the major Wall Street indexes to
all-times highs recently, with the benchmark S-P 500 logging a gain of more than 20 per cent so far in 2019
But as the latest swings show, lack of a resolution to a trade dispute that has lasted nearly two years continues to weigh on the
National Securities in New York
Todd, chief investment officer with Greenwood Capital in South Carolina.
Political tensions over US support for protesters in Hong Kong and
chief investment strategist at SlateStone Wealth LLC.
The focus will remain on trade into next week, even as the Federal Reserve holds its
the holiday shopping season, given that consumer spending is seen as a key pillar holding up overall economic growth.
There is a strong