Yahoo Finance: "Why China’s falling yuan could be good for U.S. stocks"

By in
Yahoo Finance: "Why China’s falling yuan could be good for U.S. stocks"

Excerpt from Yahoo Finance quoting DataTrek’s Nick Colas:

…. “It may not seem like it now, but China’s falling yuan (CNHUSD=X) could eventually strengthen U.S. stocks, according to one strategist.

“First, it will hurt all risk assets because of the shock of seeing such a large devaluation to new yuan lows,” said Nick Colas, co-founder of DataTrek Research, in an email to Yahoo Finance”….

Read the full article and the rest of Nick’s quotes here on Yahoo Finance!