The article discusses the current pressure on the markets, particularly technology stocks, during a pivotal week of trade negotiations and Fed interest rate discussions. Treasury Secretary Scott Bessent noted ongoing trade talks with most partners, excluding China, while hedge fund manager Paul Tudor Jones expressed a bearish outlook for stocks, predicting further declines despite potential tariff reductions. Fordâs Q1 results indicated that tariffs could significantly impact auto sector profits, reflecting broader concerns over economic health amid shrinking GDP indicators.
Hedge fund tycoon Paul Tudor Jones is bearish on the stock market, telling CNBC the markets have further to fall regardless of whether the White House lowers tariffs on China imports as low as 50%.
U.S. Treasury Secretary Scott Bessent revealed that the White House is in talks with the majority of its trade partners to reach deals on trade, with the glaring exception of China.
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