Kristina Hooper of Invesco says the likely end of the trade war will disappoint the Trump administration, but the market will be glad it's over.
, Kristina Hooper — the chief global market strategist at $1.2 trillion Invesco — says it's not going to happen.
Hooper said that Chinese President Xi — who is essentially president for life — can afford to wait out Trump, who is up for re-election next year. At the same time, China's command economy means its government has more fiscal and monetary tools to counteract damage caused by the trade skirmish. "The US will have to try to present this as a victory even though it really will fall very far short of the US's goals in embarking on these tariff wars," said Hooper.Trade fears are making stocks wildly unpredictable. The chief of Wells Fargo's $1.9 trillion investing business told us how you should play defense in the market.As many people on Wall Street have said, there are no winners in a trade war.
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