Make America Allocate Again

“In a quarterly report published Monday, the Paris-based research body cut its growth forecasts for most of the world’s largest economies over this year and next, the main exceptions being China, Argentina and Turkey. Its largest downgrades were reserved for the two economies that trade most heavily with the U.S. and face significantly higher barriers to their exports.” Mexico and Canada stand to be the most hurt by the trade war. But they won’t be the only ones. Much of world’s economy could suffer. WSJ (Gift Article): U.S. Tariff Increases to Slow Global Economy, Boost Inflation.

+ And it’s not just your portfolio. The stock market is suffering. And investors are pulling out in a big way. BofA Survey Shows Biggest-Ever Drop in US Stock Allocations. “While high valuations and tepid economic growth have made investors jittery about the US, European markets are riding a wave of newfound optimism with Germany getting ready to unlock billions in defense and infrastructure spending.” Make Europe Great Again?