Stock investors dashed for the exits on Thursday as the U.S. government slapped heavy sanctions on goods and investment from China.
This latest 700+ point stock plunge erased all 2018 gains for the Dow and S&P 500 and sent the Dow in official “correction” territory. Since its January 2018 all-time high, the Dow is down 2,600 points!
Bank stocks got the biggest haircut, followed by tech, industrial companies and healthcare.
No surprise that gold had a solid day today, closing up 0.5% to reach its highest level since March 7.
“Trade war risk is actually bullish for gold… investors tend to believe a trade war will lead to greater price inflation,” says Brien Lundin, editor of Gold Newsletter.
Investors are known to seek out safe haven assets such as gold and silver when market volatility rises, since precious metals are known to help diversify stock market exposure and volatility risk.
What are you doing to prepare yourself for future market shocks?
Perhaps a trade war could be good for America… or not. Either way, you need to think ahead.
Please don’t delay. Call us today before it is too late.