The Dow Jones Industrial Average has lost roughly 14 percent in the five months of the year. The tech-heavy Nasdaq Composite Index slipped into a bear market by falling 27 percent year-to-date. The S&P 500 is on the bear market’s doorstep by tumbling 18 percent.
The latest performances in the stock market could give investors some pause before buying into the equities arena. The recent Federal Reserve Bank of New York’s Survey of Consumer Expectations revealed that only 38 percent of Americans think U.S. stock prices will be higher one year from now.
But rather than panic should the United States slip into a recession, JP Morgan Chase urges investors to prepare their portfolios now for slowing growth in the future….