Bad news from this month's G-20 meeting could send stocks spiraling into a correction, and investors could get burned, J.P. Morgan strategist Jason Hunter says.
's trade deal with Mexico over the weekend and the hopes that the Federal Reserve will cut interest rates this year have lifted investor sentiment.
Trump is expected to meet with Chinese President Xi Jinping at the G-20 summit, which is scheduled for June 28-29 in Osaka, Japan. The leaders of 19 nations and the European Union are expected to attend. Trumpon Monday that additional tariffs on Chinese goods will be levied if Xi does not attend the meeting.
The U.S. last month already increased duties on $200 billion worth of Chinese products from 10% to 25%. China announced plans to raise tariff rates on $60 billion in U.S. goods. The trade dispute has rattled financial markets and threatens to drag the global economy. Hunter also said investors should watch semiconductors in particular, after headlines last month that some semiconductor makers were cutting ties with China's Huawei amid the trade dispute.Related Tags
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House Democrats vote to take Barr, McGahn to court to enforce subpoenasJUST IN: House Democrats vote to take AG Bill Barr, former White House counsel Don McGahn to court to enforce subpoenas, their most forceful action to date against the Trump administration's refusal to cooperate with congressional investigations.
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Jimmy Carter Already Back To Elite Sumo Wrestling Circuit After Recovering From Hip SurgeryTOKYO—Triumphantly pounding his chest as he slammed his feet down in the ring for the first time in weeks, former U.S. president Jimmy Carter was reportedly back on the elite sumo wrestling circuit Monday, despite have undergone hip surgery less than a month ago. “It was tough for Jimmy to be away from the sport this long, so it’s been a huge relief to see him recover from his injury and get back into fighting form,” said Carter’s trainer, Daisuke Watanabe, expressing surprise at just how quickly the 94-year-old Nobel Peace Prize winner was able to throw his opponent out of the ring and improve his rank from sekiwake to ōzeki. “I know it hasn’t been easy for him to resume his old routine of strength training and consuming 20,000 calories per day, but he’s made absolutely remarkable progress. The fact that he’s getting used to a new prosthetic hip and can still muster the power to lift his opponent in the air and toss him off the dohyō is nothing short of amazing. It couldn’t have come at a better time, either, because the sport was really missing a lot in his absence.” After winning his match, sources reported the 39th president was seen lounging shirtless in the locker room sauna, sweating it out with several of his 500-pound rivals.
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