By Wasif Latif
Portfolio Manager, Head of Global Multi-Assets
The major stock market indices continued their downward trend this week due to increased concerns over trade and the potential for slower global economic growth. Through early Thursday, the Dow Jones Industrial Average was down more than 1,500 points while the Standard and Poors was down more than 5 percent. While the threat of new tariffs are temporarily "on hold," investors lost much of their optimism that the U.S. and China were making progress on larger trade-related issues. Investors shifted their money into "safe haven" asset classes, the 10-year Treasury has been in great demand and the gold price has been up slightly. Some additional economic indicators have also shown some weakness-including a flattening yield curve with some anticipating an inversion in the coming months.
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