Tech investors need to brace for this pivotal $160 billion ‘gut punch’ in December, says analyst Dan Ives

Tech investors need to brace for this pivotal $160 billion ‘gut punch’ in December, says analyst Dan Ives

Getty Images Trade tensions and tech. As unnerving as the trade-war has been for investors lately, some volatile sessions are at least keeping investors on their toes as investors head toward earnings season. Equities are set to whipsaw higher Wednesday, a day after a 300-point tumble for the Dow fueled by trade worries. Early Wednesday, futures were climbing on talk China may go for a partial trade deal . Some are also crediting Tuesday’s pledge by Federal Reserve Chairman Jerome Powell to resume purchases of short-term Treasury bonds for the cheerier mood. So this is the increase Powell suggests to excess liquidity, before you all go tin-foil hat "QE-bananas" Its nada. It could though be important anyway for markets in 2020 in particular. https://t.co/IvvpL7elmc pic.twitter.com/qsbzMMTL2K — AndreasStenoLarsen (@AndreasSteno) October 9, 2019 If the U.S. and China can work past some big differences at talks that start Thursday, that wouldn’t go unwelcome for one big sector — tech stocks. That is as our call of the day warns investors to mark their calendar for a “pivotal $160 billion” crucial moment ahead for the tech space. “The biggest worry looming remains the December 15 tariff deadline which would be a potential ‘gut punch’ if this tariff is not removed or kicked further down the road by the Trump administration given its negative consequences for semi [conductor] players and the broader tech space with Apple remaining the poster child for these trade worries given its Foxconn flagship iPhone,” explains Daniel Ives and […]

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