Quite the opposite.
Penny stocks/spec stocks are the first thing that gets hit when there is a large negative Macro movement.
When dow jones or Asx is plummeting and blue chip companys are losing a few % ( which equals millions of dollars) how do you think they stop the bleeding?
They sell their high risk holdings first, ergo... spec stocks.
Think of ot this way. When a blue chip loses 5%, spec stocks will lose 20% (Because they are naturally higher risk).
If you compare the dow jones tariff related drop to 2008's drop. They are very similar, that is not going to breed investor confidence.
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Quite the opposite. Penny stocks/spec stocks are the first thing...
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