If you are nervous about markets, you aren’t alone, as tensions seem to be steadily building about the future of equities. While trade war and higher rates dog the market, there are some tangible manifestations of worry starting to appear. High net worth Americans are increasingly focusing only on short-term investments. Only 17% of US millionaires surveyed said they planned to add to their stock exposure over the next year.
FINSUM: Investors still seem to be reeling from February, which saw the fastest peak-to-trough correction since 1950. Couple that with the threat of higher rates and a tumultuous trade war and it is easy to see why everyone is nervous. On the other hand, corporate earnings continue to be strong.