Is the stock market crash after the renewed battle between America and China a buying opportunity? A Wall Street expert responds
Adam Crisafulli of Vital Knowledge says that the sudden escalation from President Trump — including his threat to cancel his meeting with President Xi and his promise to impose a 100% tariff on all Chinese imports starting November 1, along with export controls on "any and all critical software" — has clearly shaken the markets, especially the technology sector.
These actions, seen as targeting chip design companies like Cadence Design Systems (NASDAQ:CDNS) and Synopsys Inc (NASDAQ:SNPS), represent the most aggressive trading positions in months.