Helping to move the markets down was U.S. President Donald Trump saying that tariffs on China could remain for some time as both economic superpowers are working on a permanent trade deal. However, Trump did say that a deal is progressing in the right direction.
“We’re not talking about removing (tariffs), we’re talking about leaving them for a substantial period of time because we have to make sure that if we do the deal with China that China lives by the deal,” Trump told reporters, while also saying that a deal is “coming along nicely.”
Other ETFs to Consider
Will a more dovish Fed during the rate decision tamp down gains for U.S. equities versus international equities?
For investors looking for continued upside in U.S. equities over international equities, the Direxion FTSE Russell US Over International ETF (NYSEArca: RWUI) offers them the ability to benefit not only from domestic U.S. markets potentially performing well, but from their outperformance compared to international markets.
Conversely, if investors believe that international markets will outperform U.S. domestic markets, the Direxion FTSE International Over US ETF (NYSEArca: RWIU) provides a means to not only see international markets perform well, but a way to capitalize on their outperformance compared to the U.S. markets.
For more market trends, visit ETF Trends.