There’s a significant risk catching economist Stephen Roach’s attention, and it has nothing to do with earnings season.
Roach, one of the world’s leading authorities on Asia, is concerned U.S.-China relations could erode further in the coming weeks.
“There are a lot of balls in the air right now that are very worrisome,” the former Morgan Stanley Asia chairman told CNBC’s “Trading Nation” on Wednesday. “You’ve got a real problem here, and it’s one that worries me a lot, and I think the markets are completely ignoring.”
Roach sees bipartisan support in the Senate for the Strategic Competition Act of 2021 as a troubling development. His reason: it reflects a hard-line approach against China…