A Bunch Of Top-Ranked Mega Cap ETFs To Bet On For 2020
Zacks Investment Research | Dec 16, 2019 10:10PM ET
Of late, Wall Street has been hitting new highs on several occasions, powered by chunks of upbeat data across the globe, easing monetary policies and optimism over the Sino-US trade deal. The phase one trade deal reached between Washington and Beijing and the subsiding tensions over Brexit will provide a huge boost to the stock market, especially mega-caps with large exposure to the international market, though general elections could weigh.
We enumerated the reasons in detail below for buying mega-cap ETFs:
Trade Deal
In the preliminary deal, China committed to buy $40 billion of American agricultural products annually, tighten measures for protecting American intellectual property and stop forcing American companies to transfer their technology while doing business in China. In return, President Donald Trump agreed to halt the planned tariffs on $156 billion of Chinese goods that were due to take effect from Dec 15 onward and also cut tariffs from 15% to 7.5% on $120 billion of Chinese goods that were imposed in September. However, the 25% tariff on $250 billion worth of Chinese imports levied in March 2018 will be intact.
U.S. Trade Representative Robert Lighthizer stated that the deal will boost U.S. exports to China by $100 billion in 2021, nearly double from the current levels (read: Zacks Investment Research
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