Nancy Pelosi Visits Taiwan is this News or Noise for Your Investments

Ms. Pelosi went to Taiwan last week.  She did it against the advice of the White House’s security council. She did it against the advice of the department of defense. She did it even though U.S.-China tensions are already high, and Washington has been trying to get China’s help on the war in Ukraine and other trade matters. She pretty much did it against the advice of everyone in Washington DC except a small group of ultra conservative Republicans.  Go figure.

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She was there for barely 24 hours. And Chinas response? Immediately their government fired off statements condemning the visit and warning of its "severe impact" on US-China relations.  The day after she left, China's military launched "air and sea exercises" and released a plan for drills surrounding the island for the next 4 days through the weekend.

Link to news article:  https://www.cnbc.com/2022/08/04/pelosi-taiwan-visit-puts-tsmc-back-in-spotlight-of-us-china-rivalry.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail

Are these topics Newsworthy and should you be paying attention?

As you know, our constant advice for investors is to “tune out the noise.” But sometimes it is hard to know what’s noise and what’s not! That’s what this series is going to be about.

Our goal here is to approach these stories and each topic from an independent, investor-first, standpoint, divorce ourselves from personal feelings, emotional bias, or political opinion, and briefly analyze what we believe each story means for long-term investors.

#financialnews #factorfiction #mythsdebunked

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About Chris Perras, CFA®, CLU®, ChFC®, Chief Investment Officer

As CIO, Chris is the lead investment strategist and director of research at Oak Harvest Financial Group. Chris develops the firm's core market outlook, putting his decades of experience and expertise to work for our clients. He hosts Oak Harvest's podcast, "Stock Talk," available on the website with new episodes each week.

He completed his undergraduate studies at Georgia Tech, and went on to obtain an MBA from the Harvard Business School.  Driven by a desire to maximize his knowledge and skill set, he acquired a plethora of financial planning and investment management qualifications, becoming a Chartered Life Underwriter (CLU®), a Chartered Financial Consultant (ChFC®), and a Chartered Financial Analyst (CFA®).

Important disclosures:
Content of Oak Harvest podcasts expresses the views of the speaker and is for informational purposes only.  Oak Harvest believes that any data, articles, or information cited are reliable at the time of creation, but does not warrant any information contained herein to be correct, complete, accurate, or timely.  The views and opinions expressed herein may change without notice. Strategies and ideas discussed may not be right for you — and nothing in this podcast constitutes personalized investment, tax or legal advice, or an offer or solicitation to buy or sell securities. Indexes such as the S&P 500 are not available for direct investment and your investment results may differ when compared to an index. Any specific portfolio actions or strategies discussed will not apply to all client portfolios. Investing involves the risk of loss, and past performance is not indicative of future results.

Media Attribution:
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中国新闻网, CC BY 3.0 https://creativecommons.org/licenses/by/3.0, via Wikimedia Commons

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中国新闻网, CC BY 3.0 https://creativecommons.org/licenses/by/3.0, via Wikimedia Commons

https://focustaiwan.tw/cross-strait/202208030018

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平行線交通 Parallels, the Transport, CC BY 3.0 https://creativecommons.org/licenses/by/3.0, via Wikimedia Commons

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