Worst of US-China trade tensions is over: JP Morgan
But stock market volatility still inevitable because of headline 'noise' and monetary tightening
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THE worst of the trade tensions between US and China appears to be over as both sides now ramp up on negotiations, said JP Morgan Asset Management (JPMAM) in its market outlook for the second quarter of 2018.
That said, volatility in equity markets is still unavoidable with headline "noise" and continued quantitative tightening. Equity investors' psychology has also changed following the February stock market correction. Now more aware that the market isn't going to repeat its one-way bull run like in 2017, more are selling on strength and taking profit.
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