The economist said that for the European Union and the U.K., the agreement significantly reduced the immediate threat of China rerouting exports to their markets.
The economist stated in his latest post that Trump has completely reversed 90 years of gradual trade liberalization, bringing America back to Smoot-Hawley tariff rates.
The Nasdaq 100 Index and its exchange-traded funds, like the Invesco QQQ, jumped to a record high last week as the earnings season continued and as concerns about a trade war waned.
The Nasdaq Composite closed at a record high on Thursday, Aug. 7, even though new tariffs on imports from dozens of countries were implemented. This drove the Invesco QQQ ETF higher. Here is a brief look at some top stocks in the fund.
The Invesco QQQ Trust was recently back in the headlines, but not for performance reasons. Meanwhile, two alternatives that might be worth considering are the Vanguard Mega Cap Growth ETF and the iShares Expanded Tech Sector ETF.
Stocks were higher for the week as investors overlooked tariff uncertainty, but the bulls may get tested by next week's data on inflation and retail sales
Tech-saturated Nasdaq 100 ETFs hit record highs despite U.S. tariff hike. Leading the pack were Invesco's QQQ, QQQM and QQQE. Strong performance driven by confident investors and stable big-cap techs.
The company said that a contraction in North American imports was more than offset by strong import growth into Europe, Latin America, West-Central Asia, and Africa.
A strategist said he favors growth over value, large caps over small caps, and the communication services and financials sectors as the market navigates through tariff headwinds.
The financials sector has been strong all year, and with interest rate cuts on the table later this year, investors looking for exposure can turn to this ETF.
President Donald Trump’s tariffs continue to remain an overhang, with the market eyeing the Aug. 7 timeline when the revised tariff rates announced last week would take effect.
