The U.S. have hiked tariffs as promised, although trade talks are set to resume in the U.S. later today. Whilst this provides a glimmer of hope for a trade deal to be reached, the reality is we need to brace ourselves for a no-deal outcome. Either way, we expect trade talks to have a binary outcome for sentiment and market action.
Matt Simpson takes a technical look at the Dow Jones Industrial average and Caterpillar (NYSE:CAT) which is particularly sensitive to global growth and therefor today’s trade talks. Bullish and bearish out looks will be provided for both, which hinge on the outcome of today’s talks.