U.S. stocks slipped on Monday as political tensions around the world and fears t...
- U.S. stocks slipped on Monday as political tensions around the world and fears that a prolonged U.S.-China trade war would push the global economy into recession sapped risk appetite.
Over the weekend, Goldman Sachs Group Inc said fears of the U.S.-China trade war leading to a recession were growing and that it no longer expected a trade deal before the 2020 U.S. presidential election. “There isn’t a whole lot that investors can hang their hats on right now. You just don’t have solid corporate earnings or real strong fundamentals other than the labor market.”
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