Markets signal to US and China on the trade war: Y
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Posted On: 05/14/2019 7:57:35 PM
Markets signal to US and China on the trade war: You have ‘blundered into a minefield’
@JEFFCOXCNBCCOM
KEY POINTS
The idea that the U.S.-China trade dispute could turn into something more is starting to become reality.
The New York Fed’s gauge of recession probability over the next 12 months is now at 27.5%, the highest since the financial crisis.
“It’s like lighting a match. You think you know how to control it. That’s where the uncertainty comes in,” said Prudential Financial chief market strategist Quincy Krosby.
@JEFFCOXCNBCCOM
KEY POINTS
The idea that the U.S.-China trade dispute could turn into something more is starting to become reality.
The New York Fed’s gauge of recession probability over the next 12 months is now at 27.5%, the highest since the financial crisis.
“It’s like lighting a match. You think you know how to control it. That’s where the uncertainty comes in,” said Prudential Financial chief market strategist Quincy Krosby.
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