Dow Plunge Imminent as US Ambassador Admits Trade Deal ‘Isn’t There Yet’; Chinese Stocks Crash9.6

Throughout March, despite concerns regarding the decline in household net worth, increasing federal debt, and the downside earnings revisions of major U.S. conglomerates, analysts have forecasted an optimistic short-term movement for the Dow Jones due to trade deal optimism. According to the WSJ, Terry Branstad, the U.S. envoy to Beijing, has confirmed that the trade deal has not been finalized yet. In recent weeks, it has been reported that the prospect of a full trade agreement between the U.S. and China have kept both the U.S. and Chinese stock markets afloat. The uncertainty in the trade talks between the two

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https://www.ccn.com/dow-plunge-imminent-trade-deal-not-close-china-plummets

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