- Risks are cumulating and getting bigger.
- U.S. GDP growth is slower than expected, earnings and oil prices continue to decline.
- Japan is unable to grow while BREXIT risks are still unfolding.
It is difficult to find good news lately. The last really good news was the June jobs report when 287,000 jobs were added. Since then, most of the news seems dismal, however, it has yet to have a negative impact on financial markets. It’s as though investors are just hoping for something good to happen in the future. As hopes are an immaterial human feeling, they should not be the base for investment decisions. More →