With a key index plunging 300 points after the holiday weekend, the government shutdown got replaced by the trade war for the No. 1 source of economic anxiety. Apriem’s Ben Lau explains…
“It’s a combination of a lot of things; the government shutdown, lowering growth expectations for the world and the U.S., earnings estimates,” said Benjamin Lau, chief investment officer of Apriem Advisors in Irvine, California. “But today, the main focus is really on China.”
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