|Bid||26.81 x 1800|
|Ask||26.96 x 1800|
|Day's Range||26.65 - 26.94|
|52 Week Range||13.90 - 29.21|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.94|
|Expense Ratio (net)||1.15%|
Global economic fears on Friday took a back seat with data coming out of the United States revealing that the labor market remains robust, but the primary trigger event is still a U.S.-China trade deal ...
Two areas, in particular, are in China and robotics. While ongoing trade negotiations between the U.S. and China have the capital markets eagerly anticipating a tangible trade deal, stimulus measures by the Chinese government to prop up the domestic economy are starting to take its effect. A mix of Chinese stimulus measures have been providing the fodder for economic growth, such as lower taxes, no corporate tax breaks, monetary policy adjustments, and more market access for foreign companies to set up shop.
Amid bullishness, many investors have turned confident on China stocks and are seeking to tap this opportunity with a leveraged play.
A meeting with high-level officials doesn't get any higher when U.S. President Donald Trump and Chinese President Xi Jinping will be in the same room at the G-20 Summit scheduled to take place on November 30 in Buenos Aires. An October replete with sell-offs and a start to November that saw U.S. equities rally following the conclusion of the U.S. midterm elections was followed up by the return of trade wars racking the markets. Escalating trade tensions resumed when reports surfaced that President Donald Trump is threatening to install more tariffs, particularly on vehicles manufactured overseas.
An October replete with sell-offs and a start to November that saw U.S. equities rally following the conclusion of the U.S. midterm elections was followed up by the return of trade wars racking the markets as the Dow Jones Industrial fell by as much as 500 points on Monday. Doing much of the damage was reports that U.S. President Donald Trump is threatening to install more tariffs, particularly on vehicles manufactured overseas. President Trump has considered implementing a 25% tariff on cars made overseas in the beginning of the year, but resistance from auto manufacturers and international governments have largely put those efforts on hold.
The capital markets may have developed an immunity towards the trade scuffle between the United States and China despite the two economic superpowers engaging in a blow-for-blow tariff war. As the U.S. and China move forward to ameliorate their trade differences, investors who are still diffident about dipping their capital into the stock market--even with the current bull market extending itself into the later portion of the market cycle--can still find opportunities. "In the near term, equity markets have remained pretty resilient in the face of rising bond yields, suggesting investors are comfortable with corporate earnings and global growth and potentially not too impacted by trade tensions," said Direxion head of capital markets Sylvia Jablonski.