A closely-watched gauge of U.S. recession risk just flashed its biggest warning since 2007. Meanwhile, a recent poll of economists shows a 45% chance of U.S. recession in the next two years. The principal cause can be traced to degenerating trade relations with China. As market volatility increases, there are steps you can take to protect your portfolio. The Schwab Center for Financial Research offers guidelines to keep you afloat. Want to understand free markets in less than three minutes? Nobel prize winning economist Milton Friedman uses a simple pencil to show why tariffs aren’t necessary to the markets.
Trade War Escalation Nudges U.S. Closer To Recession — The recent escalation in the U.S.-China trade war has brought forward the next U.S. recession, according to a majority of economists polled by Reuters who now expect the Federal Reserve to cut rates again in September and once more next year. Read more…
Market Volatility: Here’s What You Should Know — Bouts of market volatility are an unnerving, but normal, feature of long-term investing. They’re not fun, but you can expect to see market declines periodically throughout your investing career. Schwab’s investing principles don’t change when the market is down, and yours shouldn’t either. Yet it’s hard to sit still when the market is sliding. Read more…
Milton Friedman Explains Free Markets In Less Than Three Minutes — The Nobel prize winning economist uses a simple pencil to show you how free markets work, and why tariffs aren’t necessary. See the video…
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.