FYI: Sometimes, you manage to get things half right, and that turns out to be all wrong. For example, you might be correct in assuming that the rope bridge is the best route across Casket Canyon. This would be wrong, however, if you overlooked an irritable gorilla on the other side.
Similarly, you might expect that small-cap stocks would be relatively immune to a trade war, since they tend to do most of their business in the United States. If a trade war triggers a broad market sell-off or harms the economy, however, your small-company stocks will prove little comfort.
Regards,
Ted
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