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Without deal, he may not ‘want to be around equities’

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If a U.S.-China trade deal is off the table, stay away from the stock market, says Jeremy Siegel, Wharton School professor of finance.

The Dow Jones Industrial Average lost more than 250 points after President Donald Trump indicated he might wait until 2020 to strike a trade deal with China. The White House reportedly still plans on moving ahead with scheduled Dec. 15 tariffs on Chinese goods despite the recent efforts between the two countries to work up phase one of a trade agreement.

If Trump doesn’t reach a trade deal with China and “the tariffs get put on on Dec. 15 … I don’t know if I want to be around equities then,” Siegel said on CNBC’s Closing Bell on Tuesday.

Trump’s comments…



Source cnbc.com

Trump’s new stance on China trade deal may be good for him but bad for investors

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