The trade dispute with China has reached a critical point. That’s according to Jamie Dimon, the longest-tenured CEO among the US megabanks. Hugh Son of CNBC reports on how this affects investors. What happens when the US yield curve inverts? We’re about to find out, as this predictor of recessions is at its most inverted since 2007. When a family member has mental health issues, an estate planner may be the best resource. Carolyn Reinach Wolf of Wealth Management reveals how they relieve the stress of managing mental illness.
Jamie Dimon Warns US-China Trade Fight Becoming A ‘Real Issue’ That Could Deter Investment — Dimon, the longest-tenured CEO among the U.S. megabanks, was answering a question about the risks that could end the current economic expansion. “I think trade is a real issue,” Dimon said Tuesday at a conference in New York. “Trade has gone from being a skirmish to being far more important than that. If this goes south in a bad way, and you have other surprises, that could be part of the thing that changes confidence, changes peoples’ willingness to invest.” Read more…
Key Slice of U.S. Yield Curve Becomes Most Inverted Since 2007 — A key slice of the Treasuries yield curve became the most inverted since 2007, as growing angst over trade friction is overshadowing expectations that the Federal Reserve will cut interest rates by year-end. Historically, an inverted curve has been a signal that a recession is looming. “People are fighting to find yield,” said Tom di Galoma, managing director of government trading and strategy at Seaport Global Holdings LLC. “And I don’t see the trade war going away. Given the inversion, we’re likely about a year and half away from a U.S. recession.” Read more…
When Loved Ones Experience Mental Health Crises — One in 25 adults or 11.2 million individuals experience a serious mental illness that substantially interferes or limits one or more major life activities. These are the kinds of diagnoses that often drive families to desperation. When all avenues to help seem blocked, an estate planner may be your best resource. Carolyn Reinach Wolf of Wealth Management explains. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.