Experts: How to avoid the traps on the US stock exchange
In an interview with Wall Street Journal Several international experts meant that the trade war with Canada, Mexico and China are at risk of not just against the American economy.
« The substantial tariffs introduced by the Trump administration can contribute to a crash in the global economy, » said Andrew Wilson, Deputy Secretary-General of the OECD, according to the Wall Street Journal.
Among those who have meant that the US shares have been greatly overvalued for a long time are, among other things, the asset manager Christer Gardell. In a fresh interview with The magazine Business World he believes that customs can lead to a « bubble crash », but notes that « it could benefit the demand for Swedish shares ».
Nearly six million Swedish savers have invested big money on the US stock exchange, not least through PPM and the Seventh AP Fund. Maria Landeborn, economist and strategist at Danske Bank, believes that many savers may not even be aware of how big their US exposure actually is.
– Right now it's turbulent. The negative events come in kind and we have a new world order. The uncertainty has a price in itself. The most important thing is to have a good spread. For example, if you have a US fund a global index fund and a tech fund then you may have too much exposure to the US stock exchange. Then it may be time to, for example, fold up with Europe or other markets.
She also recalls that the stock exchange has always had periods of turbulence, but that long -term investors have historically benefited from holding on to its strategy.
– Historically, the stock exchange has always recovered from crises. But if you feel that you sleep poorly due to high stock exposure, you may consider reducing the proportion of shares and putting part of the capital in interest or savings account with good interest rates.
Shoka Åhrman, economist At SPP, agree that a large US exposure can be a risk, but she warns at the same time to leave the US market.
– Europe is actually more interesting than in a long time. There is a potential revenge for European companies. Here, ECB's interest rate cuts also record. It may be wise to rebalances and fold in more of, for example, Europe, small companies or other sectors.
She also believes that the market is now reacting differently to Trump than before. In the past, investors have become accustomed to his play, but now we see actual measures that affect the stock exchange in a more tangible way.
– There is a difference between threatening customs and actually introducing them. Now we are starting to see the financial consequences for real, and it can affect the market more lasting than during Trump's first term.
Alexandra Stråberg, chief economist at Länsförsäkringar, warns, however, not to make hasty changes solely based on Trump's latest play.
– The messy is a pre -covenant for an upcoming economic downturn, but it is not possible to wake up every morning and try to time the market based on the latest news. It is better to have a long -term strategy that takes into account values, business cycle and the time horizon you save yourself.
As an alternative to The US Stock Exchange sees Frida Bratt, savings economist in Nordnet, that there is a strong trend to invest European in defense companies.
– There will be huge investments within the coming years in the defense industry. It is a wave that the shares ride on, says Frida Bratt.
