The trade war with China is creating a massive amount of tension in the stock market, as is the Federal Reserve and its comments out of Jackson Hole.
President Trump raised China tariffs late Friday, as the China trade war spirals. The Dow Jones dipped after plunging in Friday's session. So did Apple, AMD, Tesla and Nike.
At a time when quality and metrics, such as return on equity (ROE), are being rewarded, tech looks good because its ROE is well in excess of the broader market's.
Apple stock fell 4.6% as the US-China trade war intensified today. China warned of tariffs on more US goods, followed by Trump's tweeted response.
President Trump raised China tariffs late Friday, as the China trade war spirals. The Dow Jones, Apple, AMD, Tesla, Nike dipped late after plunging Friday.