A U.S.-China Cold War Could Be Good for Investors, After All
- Bank of America analysts say investment, productivity to gain
- Use of government balance sheet, zero rates could boost demand
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A stock analyst who gained attention for emphasizing the theme of inequality a decade-and-a-half ago is now promoting the idea that the U.S.-China showdown for economic supremacy could prove a boon for investors.
The escalation in U.S.-China tensions since President Donald Trump took office in 2017 has largely been viewed as a negative by traders. And headlines announcing fresh tariffs or other protectionist moves by either country have roiled equities on any given day -- though they didn’t prevent global shares from hitting record highs before the coronavirus crisis.