Stocks seesawed on Tuesday as President Trump addressed the U.S.-China trade war and Democrats edged closer to impeachment proceedings. Here's what six experts are watching now.
Stocks seesawed on Tuesday as President Donald Trump addressed the U.S.-China trade war and Democrats edged closer to impeachment proceedings.
Jason Pride, chief investment officer of private wealth at The Glenmede Trust Company, says that a recession is not guaranteed, though a defensive position is still best. "You're seeing the limits of central bank power, and I think this means investors have to really redefine what safe havens mean in this part of the cycle. ... We are in a bond bubble, no question about it. The question is, how long does it last? And how does it unwind? We don't really see how it can unwind painlessly, because the market is very rich, it is very highly correlated, and it is riding on a very tenuous liquidity cushion.
Chris Whalen, investment banker with Whalen Global Advisors, says that the Fed missed a critical sign over the summer.
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