Mike Wilson, Morgan Stanley Chief US Equity Strategist says markets know President Trump's pattern now, when it comes to trade and tariffs. He speaks with Nathan Hager on Bloomberg Daybreak. His remarks come as equities retreat from record highs while European stocks declined for the first time this week.
Markets fell after President Trump said he plans to impose blanket levies of 15% or 20%. The dollar strengthened against most major peers, with the yen posting the steepest decline. Treasury yields rose across the curve. In a sign that some investors were still prepared to take on risk, Bitcoin extended its record rally beyond $118,000.
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