$1.2 Trillion Reason to Care: China’s Role in $SPY and $QQQ Earnings
Instead of warning other countries about entering into trade deals with China, the best thing President Trump can do is to strike the biggest trade deal with China when he visits Beijing this April. There’s no leverage to be gained by these warnings especially when countries like Canada and the UK ignore them. It just tells Beijing that the US has no leverage.
If $Apple(AAPL)$ has proven anything it’s that US companies are more than welcome in China as long as they sell Chinese consumers and companies things they need and want.
We keep hearing how China is screwing over the US on trade. But the reality is that China is the source of 7% of the $S&P 500(.SPX)$ companies’ revenues. A whopping $1.2 trillion a year - 4 times the trade deficit with China.
If you are an investor or just an ordinary person with a 401k, a big part of the reason your retirement is looking brighter is because of this strong relationship between US corporations and China’s immense marketplace.
$SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ $iShares MSCI China ETF(MCHI)$ $KraneShares Bosera MSCI China A 50 Connect Index ETF(KBA)$ $KraneShares CSI China Internet ETF(KWEB)$ $NVIDIA(NVDA)$ $McDonald's(MCD)$ $Starbucks(SBUX)$ $Yum(YUM)$ $Apple(AAPL)$ $Johnson & Johnson(JNJ)$ $Qualcomm(QCOM)$ $Tesla Motors(TSLA)$
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