It’s even simpler than that. The total US exports to china are LESS THAN 1% of US GDP.
Stock markets: The AVERAGE gain by SP500 over 50 years is just under 8%. Since the FED began ZIRP (zero interest rate policy) during Obama admin, SPX had increased from a low of 700 to 2950 recently in 9 years. That represents 16% increase annually. But corporate earnings barely doubled in 9 years. This is UNSUSTAINABLE!!!
Markets are just looking for any excuse to drop.
Maybe, but my question was based upon what people on bloomberg TV, CNBC and even Steve Forbes are saying.
I am aware of the overvaluation. And QT.
My point is that apparently either the U.S. doesn’t benefit that much from putting the hammer down on China, or the aforementioned financial people are wrong.