Veteran trader Art Cashin says to expect rocky markets for the next few weeks.
Traders are trying to remain positive as stocks came off their sharp Wednesday morning lows, says veteran trader Art Cashin.
At the low of the session, the S&P 500 sank nearly 2% to 2,825, stopping less than four points away from Monday's worst level of the day. "The S&P held, so I guess we can be in good shape," says Cashin, UBS' director of floor operations at the New York Stock Exchange."If we rolled over here and violated the morning lows, then it would really begin to be a problem," said Cashin, UBS' director of floor operations at the New York Stock Exchange.
"The S&P held, so I guess we can be in good shape," said Cashin, who predicted rocky markets for the next few weeks as global trade tensions mount. "I think volatility is here to stay."
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