A piece from Goldman Sachs (this from prior to Apple's warning earlier)
GS quantify the expected impact on US GDP at 0.5% for Q1
- Which will be clawed back over Q2 and 3
Expect the negative impact globally could be as low as 0.1%
- impact 2020 S&P 500 eps in 2020 to be limited
- thus, buy more (of cyclicals & value stocks)
- Say that unless there is some significant change the impact will be felt on companies most exposed to China