(Source: Imgflip)
Plenty of income investors feel afraid right now, and it's not hard to understand why.
While the median dividend cut for the S&P 500 has been just 1.2% since 1946 this is no ordinary recession.
The economic data is so bad that Claus Vistesen, chief eurozone economist at Pantheon Macroeconomics, describes it as a "house of horrors."
IHS Composite PMI Hits Lowest Point In History
- ISM manufacturing PMI hits 36.9, lowest in 11 years
- ISM services PMI hits 27, lowest ever recorded
- ISM composite (weighted average) of services/manufacturing is at a