Perhaps market bulls made Labor Day a four-day weekend, as stocks are trading definitively lower today. Incredibly disappointing manufacturing data showing further contraction is weighing on the markets, and it's likely the talk of politicians congregating in Charlotte for the Democratic Convention this week. If the economy continues to show weakness into the fall, expect a very tight presidential election.
The Dow Jones Industrial Average
In one bit of good news, auto sales beat expectations and increased the annual run-rate to 14.5 million units. Shares of Ford
Tesla is now trading near where it started the year, despite a run-up approaching $40 per share. If you believe in the long-term story, than contractions like today's could reward the long -term investor. However, there is more than one approach to building wealth and retiring well. In our free report "3 Stocks That Will Help You Retire Rich," we reveal some stocks that could help you, as well as some winning, wealth-building strategies. Click here to keep reading.
David Williamson owns shares of Ford Motor, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Ford Motor and Tesla Motors. Motley Fool newsletter services have recommended buying shares of Tesla Motors and Ford Motor. Motley Fool newsletter services have recommended creating a synthetic long position in Ford Motor. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.