How to Protect Your Portfolio Regardless of a Trade Deal
Following weeks of corporate anxiety, President Donald Trump and Chinese President Xi are finally set to meet at the G-20 meeting in Osaka, Japan.
White House economic advisor Larry Kudlow told Fox News that there are no preconditions to the meeting and if talks go well, "we might be able to pick up where we left off in May." The meeting comes as Wall Street heads into the July 4 holiday, a week in which there is traditionally low trading volume.
This leaves the potential for any headline to send the market spinning in either direction.
How should investors protect themselves in a week that will certainly have its fair share of volatility?
Here's what Action Alerts PLUS analyst Jeff Marks had to say: "I would develop a strategy that's befitting to your risk and your return tolerances, what you need to hit your objectives on.
So, you know, what we're doing over at Action Alerts PLUS is we have a lot of cash on the sidelines.
We've been keeping that and, and you know, if the market takes it, we plan to do a lot of buying.
But at the same time, we feel like we have a lot of stocks that would benefit from some type of positive development and trade that's really going to be some of the semis, a couple of industrials," said Marks.
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