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Stock impact report

Wall Street turmoil, Brexit risks and tariffs can unsettle your 401(k) [Yahoo! Finance]

United Microelectronics Corporation (NEW) (UMC) 
US:NYSE Investor Relations: umc.com/english/investors/index.asp
Company Research Source: Yahoo! Finance
But, please, don't bet every buck in your nest egg on that notion. Experts warn that more 401(k) pain could be ahead, thanks to market bears, bond vigilantes and what some financial experts call the "moron premium." Never heard of it? The "moron premium" or "moron risk premium" is a term that hit the charts three years ago during a British budget crisis. Then-Prime Minister Liz Truss backed a fiasco of a plan that proposed aggressive tax cuts without cost savings. A country that had already loaded up on debt would need to borrow more. Bond traders would hear nothing of it. Long-term government bond yields skyrocketed, and the British pound skidded off the road. The tax cut plan was abandoned; Truss resigned. Britain was caricatured as the new Italy with a troubled economy and viewed as a "country of political instability, low growth and subordination to the bond markets," according to a 2022 headline in The Economist. Earlier in 2020, the United Kingdom moved forward on the Show less Read more
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