08-16-2016, 02:08 AM
Here's another reason why we're reluctant to buy more for the portfolio at this point:
Maersk is warning about two important parts of the global economy. In its earnings results on Friday, the Danish shipping conglomerate, which is the world's largest, restated its expectation for declines across most of its businesses this year. And it warned about the damage that changes to US trade policy could cause to the global economy. "Currently we are challenged by market headwinds, as I started out talking about, in the form of low growth and excess capacity in both our industries and that has led to declining prices and declining revenue," CEO Soren Skou said during the earnings call.
Maersk earnings and outlook for industry - Business Insider