Investors are the most bearish they’ve been since the 2008 financial crisis. A survey by Bank of America attributes their sentiment to the trade war, as Yahoo Finance reports. At the same time, manufacturing has taken a sharp turn for the worse. Lydia DePillis of CNN Business writes that the problems caused by the current tariffs and the fear of more are inhibiting global growth. Think you’ll always work to supplement your retirement income? That’s myth #1 of 5 that contribute to poor retirement planning, as Schwab Retirement explains.
Fund Managers More Bearish Thanks To The Trade War — “FMS investors have not been this bearish since the Global Financial Crisis, with pessimism driven by trade war and recession concerns,” writes Bank of America’s chief investment strategist Michael Hartnett. Approximately 87% of fund managers say the economy is “late-cycle,” the highest reading recorded. They point to the trade war as their top concern. Read more…
Manufacturing Takes A Sharp Turn For The Worse — Manufacturers are sensitive not just to the actual imposition of tariffs, but also to the threat of new tariffs. That fear has escalated in recent weeks, as President Donald Trump continued to hold open the possibility of 10% duties on an additional $300 billion in goods from China. This is happening even as he backed off on the idea of taxing Mexican imports as leverage in his campaign for more restrictions on cross-border migration. Read more…
Five Retirement-Planning Myths — Saving for the retirement you’ve been dreaming about is entirely possible. It begins with judicious saving and an awareness of potential obstacles you might encounter along the way. But there are five myths that can keep you from reaching your goal of a comfortable retirement. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller
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