- The Dow fell slightly in response to weaker-than-expected economic data.
- The stock market’s ‘Black Swan’ index is nearing its highest mark since 2018’s fourth-quarter sell-off.
- JPMorgan says to ignore the apocalyptic warnings and double down on stocks.
Between the trade war, a global economic slowdown, and an upcoming presidential election, markets have plenty to worry about. So with the Dow Jones Industrial Average and S&P 500 ranging near all-time highs, it’s understandable if cautious investors feel an urge to do a little doomsday prepping in their portfolios.
But should they? We’ll examine what strategists are saying. First, though, let’s take a look at what’s going on in the stock market today.
Dow, S&P 500, and Nasdaq All Trade Cautiously
On Thursday, the US stock market remained relatively quiet, though soft economic data contributed to slight declines across Wall Street’s major indices.
President Donald Trump is expected to meet with his trade team today to hash out whether to hike tariffs on Sunday, and neither the Federal Reserve nor the European Central Bank shocked investors with any unexpected policy actions this week.
The Dow Jones Industrial Average dipped 36.49 points or 0.13% to 27,874.81.
The S&P 500 fared slightly better, edging 1.89 points or 0.06% lower to 3,139.73.
The Nasdaq was last down 14.58 points or 0.17% at 8,639.47.
The gold price, meanwhile, rose nearly 1%, nudging ever closer to the $1,500 handle.
‘Black Swan’ Index Spikes, but JPMorgan Says to Double Down on Stocks
Ah, gold. The safe-haven asset loved by libertarians and loathed by central bankers. This year’s stock market rally hasn’t taken the shine off the yellow metal, and we’ve seen a renaissance of articles profiling the proclivity of the ultra-rich to “hoard it in secret bunkers.”
Those bunkers must not be quite full yet, because Goldman Sachs recently predicted…