Chappaqua’s Kahan: Trump, Trade Wars & Your Portfolio
In our second-annual Mid-Year Investment Review, Chappaqua’s Scott Kahan talks about Trump, trade wars & your portfolio with What To Do, Scott is a Certified Financial Planner and President of Financial Asset Management Corp, in New York City and Chappaqua.
Let’s start off with Morgan Stanley’s recent warning of a stock sell. Are we at a tipping point?
It’s a conversation that’s been going on for a while. Corrections are a normal thing and they’re very hard to time. Remember that the market sold off in January but it bounced back. The more certain narrative than a sell-off is that volatility has returned to the market. The prospect of trade wars, and it’s potential negative impact on growth, is one of the uncertainties that the market is trying to assess – so calls for a sell-off are not surprising.