Nomura Outlines Key Downside Market Levels as Markets Pull Back
- McElligott sees asset managers, systematic funds as key
- S&P 500 trigger level would be about 2.3% below Friday close
This article is for subscribers only.
Investors surprised by U.S. President Donald Trump’s tweet that he plans to more than double tariffs on $200 billion of Chinese goods may need to take stock of where the downside risks are.
Key potential pitfalls include positioning from asset managers and systematic funds, Nomura Holdings Inc. cross-asset strategist Charlie McElligott said in a note.