- Once again tariffs and trade wars dominated the headlines. This week, the trade war between the United States and China escalated with the imposition of additional tariffs on more than $260 billion of goods.
- The domestic equity markets have shrugged off trade concerns as the U.S. economy enjoys the fiscal stimulus of the tax cuts paired with low unemployment numbers.
- Trade wars come with heightened uncertainty and risk, which is why it is important to have a properly diversified and well-balanced portfolio. Investors typically focus on their long-term financial goals and resist the temptation of making changes to their portfolio based on headline news alone as economic fundamentals don’t change overnight.
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