Nomadicmist reminded us today, on the Sandbox Page, that while the stock market continues to ‘party on’ there is plenty to worry about in the world.
Nomad points to the recent downgrade of the Global Sovereign Outlook to NEGATIVE by Moodys for 2020. Essentially Moodys has been downgrading a number of countries lately and doesn’t see the economic outlook improving–and maybe getting worse in the year ahead.
A reuters article on the Moodys action can be found here.
Neither Nomad or me are predicting anything at all–we all know the global economic outlook is tenuous, but just suggesting that while markets are kind of quiet it is a good time to review holdings.
We all know “black swans” are lurking–are you holding what you want to hold if a BS appears?