"Peak Pessimism" in China Retaliatory Tariffs, Crude Plunge Aids Inflation Woes
Schwab Network · Schwab Network
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Show Notes
Volatility soared and trading sunk in the premarket hours when China announced 34% retaliatory tariffs on the U.S. Kevin Hincks considers this the sign of "peak pessimism" in the market. However, the latest private payrolls report showed strength. Additionally, Kevin points to crude oil's price crush as signs inflation can curb lower.
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