In today's video, Paul Mampilly gives you a stock market update to reassure you that the recent market drop is not the end of the world. There are three main reasons why Paul believes the market will bounce back: 1. U.S. economy is doing well, growing 2% last quarter, low unemployment rates and rising wage growth.
2. The industries affected by China's new tariffs are only affected temporarily, as they can move their manufacturing elsewhere.
3. There’s demand for U.S. stocks because they represent innovation and demand.
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About Paul Mampilly:
Paul Mampilly is an American investor and former hedge fund manager. Paul has been featured on CNBC, Fox Business News and Bloomberg TV. He is the founder of the popular investment newsletter Profits Unlimited, where he uses his skills, experience and knowledge as a former Wall Street insider to guide his more than 130,000 subscribers into stocks that are primed to shoot higher.
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