RBC: Mexico and China Tariffs Could Send Markets Down 10% Or More
June 03, 2019 at 15:07 PM EDT
In an escalated trade war with China and now Mexico, U.S. equities may fall 10% from their recent highs, Lori Calvasina of RBC Capital Markets, the firm’s head of U.S. equity strategy, said in a note to clients Monday. “The potential for tariffs on Mexico make it even more likely that the S&P...
