With the trade wars roiling the markets as of late, it’s easy for investors to get spooked by U.S. equities, but according to certain market experts, they are outperforming global markets and still have room to run.
According to an article in CNBC, U.S. stocks have the least to lose even if the trade wars rage on compared to their global peers–like the Dow on Monday, indexes in Asia, Germany and France fell sharply. Nonetheless, indexes like the S&P 500 are managing to eke out a 4 percent gain this year regardless of the trade concerns.
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“So far stateside equity and bond markets have shown a relatively sanguine stance amidst escalating trade tension. This has been reflected in a resilience of the US markets as trade issues garner increasing investor attention,” John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, said in a note. “Stateside the economic expansion continues to appear sustainable and expectations for a good Q2 earnings season remain in place. These factors continue to provide positive offset to concerns about trade.”
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