How the State-Controlled Chinese Economy Affects Your U.S. Stock Market Investments

By Crista Huff

China devalued the yuan this month - an action which significantly affects worldwide companies that seek to sell their products in China. A currency devaluation means that it will now be more expensive for Chinese companies and citizens to purchase foreign goods. All sudden economic and geopolitical changes cause stock market volatility. It’s time to circle the wagons. My suggestion is to move away from Dow-invested stock mutual funds, toward S&P 500 and NASDAQ stock mutual funds. [more...]