- S&P 500 slipped into a correction area At the beginning of this month on the back of again, re -tariffs. The shares climbed in early trading on Tuesday. Kate Moore, the main investment director for the Citigroup's Wealth Division division, warns to put more money into the shares.
The uncertainty surrounding the tariffs of President Donald Trump is pushing the markets around.
At the beginning of this month, the S&P 500 entered the correction area on the back of the re -tariffs. On Tuesday, shares increased in early trading with the hope of mutual tariffs dilutedBut this volatility was enough for Kate Moore, the main investment director for the Citigroup Investment Solutions Whealt team, warn against putting more money into shares.
“It's uncomfortable to say, but at this point I wouldn't give more money for risky assets, so shares or loan,” Moore said CNBC Tuesday. “I think the market with its own capital will be caught in more business ranges in the near future, because technical and political concerns will reflect us.”
Moore does not think someone should sell their shares. Rather, it is a game for waiting and vision that seems to be a trend in the economic world. The central bank leaves interest rates untouchedFor one, to see how tariffs and business play. Sentiment of consumers is immersionBut everyone is waiting to find out what the hard data reveal, especially when it comes to consumer prices and economic growth.
Since noon Tuesday, the markets waved a little. S&P 500 climbed to 0.06%, technologically heavy Nasdaq increased by 0.30%and Dow moved down by 0.04%. The US “stock markets remain in the territory of drawing, with the S&P 500 by about 7% below the recent peak,” said George Vessey, the main Macro strategy.
Vessey quoted increased uncertainty surrounding business policy and concerns about economic slowdowns that supported the recent market decline. But he also quoted Trump's recent comments on tariffs where the President has indicated During breaks for some countries that have subdued the investor's concerns to some extent and helped to bounce shares, Vessey said.
However, markets can continue to swing. Goldman Sachs assumes “The initial announcement of a tariff that will negatively surprises the markets,” the economists wrote on Tuesday's research note with reference to the long -awaited management plan, which will come into force on April 2. Trump needs to propose higher rates on the basis of negotiations. In addition, economists are expecting tariffs to be more important than what market participants predict.
Bank of America He stated that in a recent research note he recorded the largest net property sales since August. Her stock strategists wrote that clients were clean retailers for the first time in eight weeks because the S&P 500 was recovered from their immersion in the correction area. In a separate note from the Bank of Strategist, they said that the lack of tariffs last week and reports that they would be narrower “result in a remarkable decline in the indexality of business policy”.
This story was originally listed on Fortune.com
