A top strategist says China's new economic warning won't stop US stocks from booking big gains this year as US growth continues and earnings improve.
, BTIG strategist Julian Emanuel says US stocks will have a strong year as investors react to better corporate earnings and China keeps growing.
The latest development is that China's government is now forecasting growth of 6% to 6.5%, down from its earlier — and firmer — 6.5% target. It said the trade dispute with the US was harming its economy andBut amid the renewed turmoil, one expert says the pathway to big gains is still open.
Last year was already the slowest for China's economy since 1990. Investors fear a weakening in China's economy partly because its rapid expansion over the past few decades has been a key contributor to global growth.
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