Soros: Why Brexit Could Lead to Lower Living Standards
Lower trade and investment flows could impact employment and wage growth, which might impact the standard of living in the United Kingdom.
According to legendary investor George Soros, Brexit is going to impact the United Kingdom (EWU) and the European Union (EZU) (VGK) (IEV).
On June 20, 2017, billionaire investor George Soros warned that the United Kingdom is reaching the “tipping point” as Brexit negotiations continue.
Comparing Growth and Value Stock Sectors
The SPDR S&P 500 Growth ETF (SPYG) has generated a YTD return of 13.3% versus 4.3% from the SPDR S&P 500 Value ETF (SPYV).
If we compare the performances of the defensive sectors, we can see that their YTD performance and one-year performances have been reasonably uniform with the exception of the energy and telecom sectors.
The S&P 500 (SPY) defensive sectors tend to offer an attractive yield to investors during low-interest environments or when the economy is slowing down.