Matthieu Arseneau, analysts at the National Bank of Canada point out that US corporations could get hit in the market with an escalation of the trade war between the US and China. Key Quotes: “The U.S. stock market has been the third top performing stock market among the 49 countries in the MSCI ACWI index since early 2017 (following Brazil and Saudi Arabia). This development is certainly a source of pride for the current administration as we head into an election year. The ongoing trade war, however, represents a risk to the U.S. stock market.” “We’ve argued several times that the U.S. corporations are not immunized against a trade war escalation as foreign sales account for no less than 43% of total revenues for the S&P 500 listed companies.” “Stocks of firms with the largest foreign exposures are still outperforming by a significant margin the ones tilted towards the domestic economy. This advantage can wane fast if trade tensions do not abate in the coming weeks. Recent S&P500 drawdowns have indeed been felt more acutely for these corporations.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next There is more to the Carney Libra story than you might expect FX Street 4 years Matthieu Arseneau, analysts at the National Bank of Canada point out that US corporations could get hit in the market with an escalation of the trade war between the US and China. Key Quotes: "The U.S. stock market has been the third top performing stock market among the 49 countries in the MSCI ACWI index since early 2017 (following Brazil and Saudi Arabia). This development is certainly a source of pride for the current administration as we head into an election year. The ongoing trade war, however, represents a risk to the U.S. stock market." "We've argued several times that… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
