Need to Know: What could trigger a stock plunge of 5% in one day: Hedge-fund manager Doug Kass

The month of February ends with no lunch and no deal in Hanoi for President Trump and his North Korean counterpart, but plenty of green for investors.

Investors are waking up to news that talks between POTUS and North Korea’s leader fell apart in the wee hours of Thursday as the two couldn’t agree over sanctions. While geopolitics tend to have a temporary effect on stocks, it could erode some confidence in riskier assets like stocks as big GDP data looms for due later.

“The combination of the lack of progress with North Korea and China will drag on equities and we might have to wait for a new catalyst to renew the bullish start to the year,” said Neil Wilson, chief market analyst at Markets.com.

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