Politically and from a business perspective, Hong Kong is very important to China. Further unrest in Hong Kong may have significant implications for China’s GDP growth. Yesterday, the S&P 500 (SPY) fell 1.2%, possibly reflecting the rising geopolitical tensions.
Argentina’s crisis could impact market valuation
Stocks to watch
These stocks and the Invesco QQQ Trust ETF (QQQ) could see fund inflow. QQQ follows the Nasdaq-100, which follows the largest non-financial companies. Yesterday, the Nasdaq-100’s PE ratio was 23.7x, and its 15-year average was 23.2x.