Paul Mampilly Weighs In On How The Trade War Will Effect American Stocks
The international trade war with China continues to ramp up. China has announced huge tariffs in response to President Trump’s tariffs on many goods commonly exported from China to the US. Prices on many consumer goods, foods, and raw materials will rise in both countries as the trade war continues. Paul Mampilly, the senior editor at Banyan Hill Publishing, knows that the American stock market will also suffer.
In response to Chinese tariffs, there are several stocks that Paul Mampilly expects will soon become poor investments. Apple, Boeing, General Motors, Starbucks, and Walmart all have strong ties with China. He recommends selling now before the stocks plummet and financial losses become inevitable. Paul Mampilly used to work on Wall Street as a hedge fund manager before switching careers. His love of the stock market never left so he began a newsletter called Profits Unlimited aimed at helping average Americans learn about the stock market and how to follow stock trends.
According to Paul Mampilly, there will still be good investments in stock market. Internet-based technology is set to increase in demand and value. He recommended VanEck Vectors Semiconductor ETF a year ago and it has already risen and become profitable investment. He updates his stock predictions in his newsletter as well as providing timely trading advice.
The United States and China are engaged in a trade war that will hike up prices for consumer goods and a wide variety of other products in both countries. Many companies that heavily rely on Chinese goods will likely see their stocks suffer in the coming months according to Paul Mampilly. Investing in the stock market is still financially sounds. Internet technology companies will become more relevant and see their stock prices rise. Financial newsletter Profits Unlimited offers guidance about good investments and trading tips.