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If 2019 was (and it sure was) the year for putting money into U.S. stocks, will 2020 be the year for putting money to work outside the U.S. and especially in emerging market stocks?The answer from a large--and it seems increasing--number of Wall Street strategists is "Yes." Should you follow this year's advice?
Well, that certainly didn't take long. With the ink barely dry on the Part 1 trade agreement between the United States and China, the European Union said that the deal could violate the rules of the World Trade Organization. EU Trade Commissioner Phil Hogan said his team will scrutinize whether China’s pledge to increase purchases of U.S. goods and services by at least $200 billion over the next two years is WTO-compatible. “We haven’t analyzed the document in detail, but we will and if there’s a WTO-compliance issue of course we will take the case” to the World Trade Organization Hogan told a conference on Thursday in Washington. “We’re not trigger-happy about taking cases to the WTO -- we don’t want to create that impression. But we’ll stand up for our own economic interests.” I'm not a lawyer and I don't even play one on TV, but my read of the agreement--with its provision to require China to purchase goods from the United States--does indeed violate WTO rules. In other words, see you in court.
Last night, I made Wesco International (WCC) my #11 Pick for my Special Report: 12 Bargain Stock Picks NOW on my Jubak.com subscription site. Today I'm adding Wesco International to my Jubak Picks Portfolio.
Yesterday, the day of the announcement of the Part 1 trade deal between the United States and China, shares of Via (V) climbed 1.91%. MasterCard (MA) gained 1.16%. American Express rose 0.79%. On a day when the Standard & Poor's 500 fell 0.15% and the Dow Jones Industrial Average gained just 0.11%. Today the overall market was much stronger with the S&P 500 gaining 0.84% at the close and the Dow Industrials ahead 0.92%, but Visa (up 0.58%), MasterCard (up 1.93%) and American Express (up 0.56%) added to the previous day's gains rather than giving ground. What's up with these stocks?