Investors Skeptical About Stock Rally as Trade-War Era Begins
- Volatility seen picking up as barbs fly between U.S., China
- No clear endgame seen ahead of U.S. mid-term elections
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Stocks may be up today, but analysts and investors are skeptical that the rally will last as the U.S.-China trade war begins.
While the MSCI All-Country World Index climbed and Asia’s benchmark rebounded from a nine-month low, market watchers are seeing more volatility in the cards. With U.S. tariffs on $34 billion of Chinese goods now in effect and China retaliating, expect a long process of back-and-forth between the two countries with no clear endgame as of yet, they say.