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Stocks Seen Endless Upheaval Amid Trade Politics

Stocks Seen Endless Upheaval Amid Trade Politics

The trade war between the U.S. and China is escalating with no end in sight, increasing the likelihood that the stock market will be gripped by high volatility and sharp plunges for the foreseeable future, according to several investors and market watchers. In recent months, many of the major moves in the market have correlated with new developments in the trade conflict, or shifting expectations about its future course and the likelihood of a timely resolution. “It is possible we will still see trade volatility and trade tensions all the way up until the election, because it is a strong political position,” David Kelly, chief global strategist at JPMorgan Asset Management, told The Wall Street Journal.