Why You Should Bet On Quality ETFs Now
Zacks Investment Research | Nov 21, 2019 11:15PM ET
After a recent series of new highs, Wall Street retreated on doubts over the trade deal that has undermined bullish sentiments and led to risk-off trade once again. This is especially true as the phase one trade deal between Washington and Beijing could slide into next year as Beijing presses for tariff rollbacks. If the trade deal is not reached, President Donald Trump would raise tariffs on Chinese imports with the Dec 15 deadline.
However, monetary easing policies and better-than-expected earnings are providing enough impetus to the stock market. Notably, lower rates have made borrowings cheaper, providing a boost to both investment in new projects and repayment of a higher-rate debt. A spate of better-than-expected data added to the strength. This is especially true as October retail sales have rebounded from a sluggish September and American consumers remain willing to spend, which is good news for domestic economic growth (read: Zacks Investment Research
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