Taken together, an equity market that had been setting records under Trump suddenly was negative for 2018 with little sign of where the next catalyst would come from. The G-20 offered Trump a chance to provide a jolt.
“There’s two things driving Trump -- one is the stock market and the other is the self-imposed tariff timetable,” said Kim Forrest, senior portfolio manager at Fort Pitt Capital. “If everybody would’ve walked away, the market would be down big time.”
This article was provided by Bloomberg News.