U.S. stocks will build on this year's already strong gains over the rest of...
NEW YORK - U.S. stocks will build on this year’s already strong gains over the rest of 2019 despite growing U.S.-China trade tensions that represent the biggest threat to the market, according to a Reuters poll of strategists.
Rising intensity in the trade war is likely the biggest risk since it could affect so many other areas, said Sam Stovall, chief investment strategist at CFRA. Adding to tensions, Washington effectively banned U.S. firms from doing business with Huawei Technologies Co Ltd, the world’s largest telecoms network gear maker, citing national security concerns.
“It’s kind of the risk du jour. Ultimately, the likelihood it actually hurts the economy enough to drive stock prices meaningfully lower is limited. The market right now is still quite healthy,” said Jonathan Golub, chief U.S. equity strategist at Credit Suisse in New York.
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