There were two mass shootings within 24 hours in America this week. Firearms stocks spiked. U.S. stocks plunged the most this year as China responded to Trump’s latest tariff threats. The yield curve blared its loudest U.S. recession warning since 2007. Bitcoin, an unlikely safe haven, approached $12,000. The escalating trade war between the U.S. and China is nudging the global economy toward a self-inflicted recession, its first since 2008.
What is left? It would be a fair guess that there will be more trade tariffs, probably another interest rate cut in September and of course, a few more mass shootings.
Future Wealth’s View
It is sickening to see kids and adults be mowed down by one insane individual after another, week after week and, of course, nothing gets done – no assault weapons ban, no background checks worth anything and then it happens again, and again and again. The irony is that gun sales and gun company stocks spike every time there is another massacre. There is something seriously wrong with this nation.
Onto more uplifting topics – or is there? The trade tariffs if you haven’t been paying attention is sure to impact the growth of US corporations and consumers, whether they like it or not. It is likely to happen in Q3 or Q4 and, if not, the effects are sure to show up in 2020.
For investors, especially aggressive investors, a fork in the road in coming soon. What is the right direction? A famous quote – “When you come to a fork in the road, take it.” We, at Future Wealth, opine that it is best to stay defensive ‘coz you would rather be going to other people’s funerals than have many come to your own.