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Need to Know: ‘I don’t think this is a trade war,’ says veteran Wall Street strategist

The Dow doesn’t look like it’s done diving yet, even after yesterday’s 724-point plunge.

As stock futures signal another slide, Bankrate.com’s Greg McBride is feeling the pain and singing “Mama said there’ll be days like this.”

Investors had better keep their seat belts fastened, given that “the odds of a trade war have grown,” the chief financial analyst adds.

Meanwhile, veteran strategist Marc Chandler seems to have “Bridge Over Troubled Water” on his playlist, and he provides our call of the day.

“People are presenting this as it’s a trade war. I don’t think this is a trade war,” Brown Brothers Harriman’s old hand says in a Bloomberg TV interview, as he reflects on the Trump administration’s plans for tariffs and the reactions in Beijing and elsewhere.

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