Morgan Stanley strategist Michael Zezas says the US-China trade war will only get worse from here because both sides have reasons to drag the dispute out longer. He's identified three dynamics that will drive the market as the dispute drags on.
Zezas says more escalation is coming later in the year, which plays into Morgan Stanley's forecast of a correction for stocks.
He sees the trade war as something that's exacerbating other big problems for stocks and not the cause of them.
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