Skip to content
Subscriber Only

Trade Bear David Woo Hasn't Been This Nervous Since 2008

  • BofA says gridlock to hurt Trump’s hand in talks with China
  • Outlook worsened by wider deficit and debt ceiling dispute
Video player cover image
Markets Are Realizing the Trade Tensions Aren't Going Away, BofA's Woo Says
Updated on

Trade bear David Woo says he wouldn’t touch emerging markets “with a 10-foot pole.”

The Bank of America strategist is the most worried about volatility in global markets -- particularly in the developing world -- since the 2008 financial crisis. He said the Democratic takeover of the House will weaken Donald Trump’s hand on trade, making a deal with the Chinese less likely, and spur a fight over the U.S. debt ceiling.