It is worth noting that according to Factset data, US corporations which have 50% or more of their revenue derived from foreign sources have considerably under performed domestically oriented corporations on revenue and earnings.
Short Term Headwinds Emerge But The Long Term Outlook Is Intact
A Spike In Volatility Brings About A Much Awaited Dip
Trade tensions between the US and China last week led to a spike in the VIX index, a measure of volatility of the S&P500 which reached its highest level since January.