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US stocks finished solidly lower Tuesday, with the Nasdaq losing one per cent on rising trade worries as President Donald Trump fired his secretary of state and was reportedly planning new tariffs on China.

Despite these headwinds, many analysts point to reasons for confidence.

“The market is reacting to the uncertainty around this president’s style,” said David Kotok, chief investment officer at Cumberland Advisors in a note. “Meanwhile, the market is ignoring the strong earnings growth momentum and positive outcomes ahead because of the tax reform bill, the infrastructure plan and repatriation.”

Kotok said he was back to “fully invested” after a February pullback.

Read more at http://www.themalaymailonline.com/money/article/us-stocks-edge-higher-amid-trade-war-worries

David R. Kotok
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