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An Ho Think the stock market will rally once a U.S.-China trade deal is struck—think again, says one Wall Street vet By Mark DeCambre Published: Feb 7, 2019 9:03 a.m. ET Matthews says that a China trade deal may trigger selling in the market Getty Images A China trade deal may not mean a stock-market rally on Wall Street Longstanding trade tensions between the U.S. and China have been a big part of market anxieties over the past 11 months, but if investors think that a trade pact will trigger a blazing stock-market rally, they’ve got another think coming. That is the view of Shawn Matthews, founder of macro fund Hondius Capital Management, in a Wednesday phone interview with MarketWatch. Matthews said the market was “looking for the central bank to be on hold, which clearly happened and for a China deal to occur and people will then look at the positions in their portfolios and reassess their risks.” That set up is likely to lead to more selling than buying, Matthews said, echoing similar comments he made during a Bloomberg interview on Tuesday. “Right now, it’s a risk-on mentality—you want to be long riskier assets until you get a deal with China,” the former head of Cantor Fitzgerald LP’s broker-
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  • Spring '16
  • james Healey

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