While the stock market often rewards those who follow the crowd, there's a breed of investor who thrives on going against the grain. These are the contrarians, investors who seek opportunity in the assets others are discarding, believing that market pessimism has created a gap between price and value.
Trade tensions and rising geopolitical conflicts are disrupting the global supply chain via “higher tariffs, non-tariffs, sanctions or even physical barriers” this year, as per Goldman Sachs. Supply chain disruptions are broadly seen as a negative for logistics companies.
Now that Federal Reserve Chairman Jay Powell has pivoted towards his “other mandate,” we should take a cue from my six-year-old, who yells from the back seat:
Most of the important news in the financial markets goes over investors' heads, only to wake up to new market price action and realize they should have not only paid attention but also acted upon the news that was released in the recent past. Today's most important news—and implications—can be taken from the recent port strikes that started this week.
Shipping giant FedEx says it has launched contingency plans in order to minimize the impact of a union dockworker strike impacting dozens of U.S. ports.
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