Tumbling market: Specialist Thomas Schreck working on the floor of the New York Stock Exchange. Stocks are falling sharply and bond prices are climbing after the Trump administration moved to place tariffs on some goods imported from China and restrict Chinese investment. — AP
NEW YORK: Volatility in US equity markets this year is pushing investors not only to invest in stocks abroad, but also to commit their money to an even more foreign place: the hands of stockpickers rather than index funds.
A near decade of gains in US stock prices has left investors on edge about the prospect that anything could end the party, including the prospect of interest rate rises under new Federal Reserve chairman Jerome Powell or a misstep by one of the market’s darlings.
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