Reported about 17 hours ago
Wall Street strategists express caution over the recent stock market rally, attributed to President Trump's tariff rollback on China, suggesting that optimism may be excessive given ongoing trade uncertainties. Despite a significant rebound, with the S&P 500 recovering nearly 1,000 points, experts warn that the fundamental trade agreements remain incomplete and elevated tariffs could impact economic stability. With volatility expected in the market, some analysts recommend focusing on defensive sectors and caution against impulsively chasing short-term market trends.
Source: YAHOO