FYI: We’re reminded again of the old adage that stocks fall in value much faster than they gain in value. The stunning in drop in various financial markets in the past few months, paired with a rapid plunge in bond yields, has led many investors to adopt a much more cautious stance.
The markets appear to be responding to a growing set of economic reports that point to a slowdown in economic growth. For example, home sales plunged seven percent on an annual basis in November, the fastest drop since 2011. Auto sales are coming off their peak, global trade flows are weakening and confidence in the executive suites is waning.
Regards,
Ted
https://www.fa-mag.com/news/sector-etfs-for-a-slowing-economy-42487.html?print
