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
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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.