Expect more turbulence ahead. That’s the message investors are getting from Wall Street experts as pressures on financial markets mount. On top of lofty stock prices fueled by AI hype, there are high-stakes tariff negotiations, meltdowns in some credit markets, softening US job growth and the US government shutdown. For ideas on where to invest at such a fraught moment, Bloomberg asked wealth advisers for their take on promising areas. Ideas ranged from value plays in health care to global mining companies and luxury real estate. How would the experts splurge with $1 million? Family loomed large, whether it was helping kids buy houses or taking parents on a private jet journey to bucket list destinations like Angkor Wat. Non-human family members got a nod, too, with one devoted cat owner wanting to support initiatives to improve feline well-being and health.
For more, read the full story here. |