Historic rally could unwind due to trade and Brexit risks, market watcher Victoria Fernandez warns

  • The Federal Reserve appears to be taking a more dovish approach to the markets, but Victoria Fernandez suggests it’s not enough to keep the markets stabilized.
  • As long as geopolitical risks dominate the headlines, the chief market strategist at Crossmark Global Investments contends they’ll exacerbate global slowdown fears which could undermine 2019′s historic rally.
  • “The two biggest concerns on that list are going to be Brexit and the U.S.-China trade relations,” said Fernandez.
  • Despite her view that stocks are vulnerable to a pullback, she largely believes the U.S. economy is strong enough to withstand these obstacles — including one more Fed interest rate hike. However, it looks like another move higher is off the table this year, since the Fed announced plans to keep rates unchanged.

 (Source: CNBC)