Another threat from President Donald Trump to increase tariffs on China and the market barely moved.
Stocks held near their record highs on Tuesday, even as Trump said this in a Cabinet meeting: “If we don’t make a deal with China, I’ll just raise the tariffs even higher."
CNBC's Fred Imbert enumerates why the market's latest all-time highs appear bulletproof, even amid negative trade headlines that just a few weeks ago would have rattled nerves. It comes down to this: nobody's selling. It's been a good year and institutional investors have every reason to hold their winners.
Stocks have been up more times than down since Oct. 11 and the gains have been bigger than the losses, advancing the indexes to new highs, step by meager step.
