Portfolio Manager: Trade Fight and Telephone Conversation

portfolio manager: If the gathering disappoints, investors are likely in for a rough July and August as it finally becomes clear that the trade fight is likely to drag on far longer and than they had anticipated, said Sandy Villere, portfolio manager at New Orleans-based Villere & Co., in an interview, according to Market Watch. Small blink' Trump stoked expectations for the summit after tweeting on Tuesday about a very good telephone conversation with Xi and announcing plans for an extended meeting during the G-20 summit in Osaka, which begins June 28. Skeptics argue that investors, after spending May in a painful reassessment of the U.S.-China trade fight, have become complacent once again in the run-up to the gathering on expectations that the leaders will be eager to at least tone down tensions. That was credited with helping soothe fears over a protracted trade battle. It reveals that he is keen on meeting with Xi at the G-20, which China had not confirmed before the call. We see Trump's phone call to Xi as a small blink in the trade war, said Allan von Mehren, chief analyst at Danske Bank, in a note. (news.financializer.com). As reported in the news.