U.S. stocks have taken a hammering but here’s why investors should be optimistic

Last Monday was the worst day of the year for U.S. stocks as the Chinese yuan fell below a key level in retaliation to President Donald Trump’s tariffs threat.

“The current macro setup has more similarities to the ‘15-’16 mid-cycle correction episode rather than the end of the cycle, in our view.” JP Morgan’s head of global equity strategy Mislav Matejka said. Analysts from research firm TS Lombard said the U.S. treatment of Huawei was key to the unfolding of the trade war drama.

European stocks SXXP, -0.13% dropped in early trading on Monday, while Asian ADOW, -0.22% stocks also fell.The Chinese yuan was still hogging the limelight as the People’s Bank of China fixed the currency’s midpoint below 7 to the dollar for the third consecutive day.

I genuinely believe you need to trade this market, not own it. My miners and REITs are performing phenomenally through this volatile period.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks set for higher open despite lingering trade concernsEuropean stocks are set to open higher on Monday following a volatile week for global markets as investors monitor escalations in the U.S.-China trade war.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks Edge Lower Amid Hong Kong Protests, Trade WoesU.S. stock futures edge down as escalating tensions between Chinese authorities and protesters in Hong Kong add to investors’ global trade concerns. China has vowed a merciless crackdown on demonstrators. realDonaldTrump take note: do this to the next round of PussyHat protestors: 'merciless crackdown.' Trump2020 Terrible analysis. Hong Kong people have lost their ability to prosper, they only love violent demonstrations, why not concentrate on economic development? Hong Kong is no longer rich and powerful. Shanghai will replace Hong Kong's economic power.
Source: WSJ - 🏆 98. / 63 Read more »

Fundstrat’s Tom Lee literally pleads with investors to not ignore 5 bullish signs forming in the stock marketU.S. stocks are headed higher in the next six months, says Thomas Lee.
Source: MarketWatch - 🏆 3. / 97 Read more »