Anthony Chan, chief economist for Chase, analyzes what he's seen from the markets so far in 2018. He says the markets have mostly recovered after a period of volatility in January.
Chan isn't too concerned about countries buying U.S. debt. Rumors suggested China would stop buying U.S. Treasury Securities but Chan notes that hasn't happened yet.
Chan also isn't worried about a market correction following the volatility we saw in January. Chan says the VIX usually peaks after a market correction has occurred.
The Court of Appeals for the Federal Circuit on Thursday allowed the president to temporarily continue collecting the tariffs under the emergency powers law while he appeals the trade court’s decision.
Macy’s sales and profit slipped in its first quarter and the department store, citing more cautious customers and the impact that a trade war launched by the U.S., trimmed its profit forecast for 2025.
