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Investors’ Sentiment More Impacted by U.S. Trade Policy Than Possible Turkish Lira Problems

This week’s Sentiment Survey special question asked AAII members whether U.S. trade policy, or the possibility of the Turkish lira causing problems beyond Turkey, is having a bigger influence on their stock market sentiment. An overwhelming majority of respondents (70%) say U.S. trade policy is having a bigger impact. Many of these respondents view Turkey’s economy as being too small to have a global impact. Others say trade policy is having a direct impact here in the U.S. Almost 12% of respondents say neither is impacting their stock market sentiment. Just 4% say Turkey is having a bigger impact.

Here is a sampling of the responses:

  • “I believe U.S. trade policy will have a bigger impact. I believe Turkish insolvency will only affect Turkey.”
  • “U.S. trade policy due to many American companies incurring higher raw material prices.”
  • “Neither. My vote is based on the solid economic environment in the U.S.”
  • “Trade policy. Tariffs could affect consumer prices and put a damper on a strong economy.”

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