Value Investing Set To Shine: 5 Top-Ranked ETFs & Stocks
Zacks Investment Research | May 09, 2019 10:25PM ET
Bouts of volatility is once again playing foul in Wall Street, blocking the path ahead for the decade-long bull market. This is because trade tensions have flared up as Trump threatened to increase tariffs on Chinese goods worth $200 billion to 25% from 10% at 12:01 a.m. on May 10. Trump also intends to impose another round of tariff of 25% on further $325 billion of Chinese goods shortly.
The trade war is aggravating as China has also announced its intention to retaliate if Trump puts into action his latest tariff threat. The escalation in trade spat has resulted in risk-off trade. However, bouts of latest upbeat data calls for a still strong economy that bodes well for the stock market.
The U.S. economy added jobs every month for 103 consecutive months, representing the longest-ever streak of job creation. The unemployment rate has dropped to 3.6% — the lowest in nearly 50 years — while wages rose at an annual rate of 3.2% in April, the ninth consecutive month of more than 3% growth (read: Zacks Investment Research
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