China's wages or per capita income are less than 1/4th that of the U.S. https://stlouisfed.org/on-the-economy/2018/january/income-living-standards-china
Yet Arends says:

The tariffs are simply a means to an end. The president is trying to get China to start buying more of our stuff. He knows the so-called Middle Kingdom, which now has the second-biggest economy in the world, responds to incentives more than to nice words. These tariffs give China an incentive to open up.

How much more of "our stuff" is China going to buy based on a tariff when they can manufacture many things locally for 1/4th the labor cost?

Dear Mr. Brett Arends,
Your brief "bio" indicates some of your educational background includes Cambridge and Oxford, with my presumption being the well known higher education schools in England.
From Forbes, and an apparent self-bio: Contributor
Brett Arends
Most people are surprised that I used to be a management consultant at McKinsey & Co. So am I. (So were some of my colleagues at McKinsey, for that matter). Today I'm a columnist for the Wall Street Journal and MarketWatch. I've appeared on 60 Minutes, the NewsHour on PBS and numerous other radio and TV programs. I've also been a Fleet Street tabloid journalist, a research assistant at the London School of Economics, a Chartered Financial Consultant, and an extra on the stage at Covent Garden. I was educated at Oxford and Cambridge universities, and I’ve written three books nobody has read.
I reviewed his current twitter feed, and another article he posted in about the same time frame as this dribble writing about what the implications of tariffs are and would be to the U.S.; is a write about diets and the health benefits.
I can think of several folks here who are able to write a precise overview of tariff impacts with the same number of words.
His write blames the media for misdirection and yet he doesn't mention the misdirection from the verbal statements of Trump, Kudlow and other associates.
Sidenote as to the real tariff impacts: A budget minded married couple I know had to replace unreliable 15 year old clothes washer and dryer. This was in November of 2018. I happened to discover this and noted that they should do this now, if within their budget; as the new steel tariff was going to cause a price increase. When arriving at their local appliance store; the owner had already posted a large sign on the door stating that most appliance prices would increase 10% after Jan. 1, 2019. Their $1,200 dollar purchase was indeed going to cost $1,320 after Jan. 1.
Lastly, I won't be taking his investment advice any time soon. @Ted . This is your normal copy/paste with a link post. Have you no comment to add about the validity of this misinformation???
Take care,
Catch

Interesting reading. Jim Cramer (of all people) wrote another piece discussing "the other side of the story" complete with short term investing ideas for people so inclined...

President Trump has decided that the U.S. simply shouldn't do business with China and if you do you are going to have to pay the price.

https://realmoney.thestreet.com/jim-cramer/jim-cramer-you-better-strap-yourself-in-14957959

FYI: A machine could soon replace your bond fund manager.
According to new quantitative research from Invesco, the majority of excess returns generated by a large sample of U.S. bond funds can be explained by their exposure to factors, not the specific skill of the portfolio manager. Funds designed to systematically capture factors, characteristics of securities that can explain long-term excess returns, have become increasingly popular in equity markets. But factor-based funds are still relatively new to the bond fund world, in part because there isn’t as much academic research to support fixed-income factors.
Regards,
Ted
https://www.institutionalinvestor.com/article/b1fd7nzm8gh1x2/Why-Machines-May-Replace-Active-Bond-Managers

@hank et al
The below chart is for the etf EEM beginning Oct. 31, 2007. I used this date, as this is near top + or - a week or two for a lot of equities worldwide; prior to the full market melt in 2008. The total return for EEM during this period (through May 13) is -7.9%.
Note: the chart set only to May 9 at -5.3%; but -7.9% is correct through May 13
EEM total return chart (Oct. 31, 2007 through May 13, 2019)
Disclosure: we have not held any emerging markets equity for diversification; but have held EM bonds 6-10 years back.
ADD: FNMIX during this same time frame had a total return of +108%
The above(s) examples are with the consideration of buy and hold, beginning Oct. 31, 2007.

FYI: Are you kidding me?
I’m used to partisan, inaccurate drivel from all sides these days, but the media’s coverage of President Trump’s tariffs and the so-called “trade war” takes some kind of cake.
Regards,
Ted
https://www.marketwatch.com/story/the-media-is-lying-to-you-about-trumps-china-tariffs-2019-05-14/print

Lipper has SFGIX 78% Asia. But at least half of that is in Taiwan, Hong Kong Singapore and S. Korea, all of which are considered developed markets. I also noticed unusually heavy concentration at the top (37% in top 10 holdings). http://www.funds.reuters.wallst.com/US/funds/holdings.asp?YYY622_tNYDpo1qU/MLQg9W+6KX6RuZTH3KwZb8EX/lL+8rQLcFNPvJvJFoMad8BeSVDYky
Interesting name (Growth and Income). Price’s TRIGX was called G&I until maybe 5 years ago when they dropped that description and renamed it a “value” fund. When I looked at its 1-year performance, it’s done far worse than SFGIX with more than a 13% loss. But it never was a good performer. (TRIGX is concentrated in Europe.)
International have lagged U.S. equities for a while. One reason has been the very strong Dollar. While I like to hedge against the Dollar, I do it using less volatile EM and global bond funds. As far as being an EM in disguise, it’s hard to say. Even non-EM international funds usually dabble in EM. Sometimes that exposure can be “unlimited” per Prospectus.
No opinion on whether you should buy, sell, hold this one. Generally after I sell a fund it bounces back with outperformance. The financial media is hot with stories of how the EM markets stand to lose big in the Trump trade war. Again, by the time you and I hear this type news it’s likely already been discounted by the markets.

UBS warns stock down another 9%
https://finance.yahoo.com/news/ubs-francois-trahan-sp-500-2550-fed-induced-slowdown-013457750.html
Why not 15-30%?...may need a larger haircut going forward

@Derf
I presume you're asking about the composition of SFGIX. If so, go to the link below.
Bookmark this link for future use for checking other tickers. You don't need to login to view decent data. For future checks, as with GASFX, enter the symbol at the top right search box, then select what you want to view; as with this link for composition.
I find the page layout informative and easy to read.
My 2 cents as to SFGIX, is being in a few places at the wrong times; or perhaps something else managers were hoping. Brazil and South Korea have been problematic for the past year, and other exposure to the Asia area is more of a problem with the current circumstances.
SFGIX composition
Lastly, I couldn't find a specific listing for the symbol, WTF , MikeM placed in the subject line. :)

Hi @Derf:
FWIW
I'm looking to do a little buying, in some of my good dividend paying equity funds, like (INUTX & SVAAX), should the S&P 500 Index venture into the 2750 range or below. INUTX has a yield of about 3.0% and SVAAX has a yield of about 3.5%. I'm not looking to add to my capital appreciation type equity funds, such as (KAUAX), at this time. US Treasuries simply are not offering enough yield for me to invest there when I can get a 1 year CD in the 2.4% to 2.5% yield range. Just last week I bought an 18mo CD paying 2.45%. In comparison, my money market mutual funds are currently paying north of 2.25%.

FYI:
Regards,
Ted
Lipper Equity Mutual Funds:
http://lipperalpha.refinitiv.com/wp-content/uploads/2019/05/Investment_Objective_Performance_Summary-1.pdf
Lipper Fixed-Income Mutual Funds: (Taxable)
http://lipperalpha.refinitiv.com/wp-content/uploads/2019/05/Taxable_Investment_Objective_Performance_Summary-1.pdf
Lipper 25 Largest Mutual Funds:
http://lipperalpha.refinitiv.com/wp-content/uploads/2019/05/Performance_of_the_25_Largest_Funds-1.pdf

(The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: U.S. stocks slid Monday, extending a turbulent streak of trading, after officials in Beijing and the White House exchanged fresh threats in a trade fight that many fear could crimp growth.
The Dow Jones Industrial Average fell 617 points, or 2.38%, to 25324, heading for its biggest one-day loss since January. The S&P 500 dropped 2.41% and the Nasdaq Composite declined 3.41%.
There is still time for the U.S. and China to carve out a trade agreement, analysts said, noting the two countries’ increased tariffs won’t hit goods in transit immediately. And U.S. indexes are still up solidly for the year: the S&P 500 and Nasdaq are up double-digit percentages in 2019. Still, investors and analysts say a breakdown of trade talks risks damaging business and consumer confidence, potentially crimping spending at a time when growth is already widely expected to moderate.
UBS analysts estimate U.S. growth could drop by 0.75 to 1 percentage point and stocks could fall double-digit percentages if the U.S. hits all Chinese exports with 25% tariffs.
Shares of manufacturers and chip makers slid anew Monday, extending a slide from late last week.
Heavy machinery maker Caterpillar fell 5.2%, while Boeing lost 4.2% and memory-chip maker Micron Technology shed 4%. The group has been sensitive to developments on trade, especially because many analysts believe its profits are closely tied to global growth and demand from China.
iPhone maker Apple, which assembles almost all of its goods in China, slid 5.4%.
The Russell 2000 index of small-capitalization companies, which tends to be especially sensitive to U.S. growth prospects, lost 3.4%.
Stock indexes outside of the U.S. also came under selling pressure, with the Stoxx Europe 600 and Shanghai Composite losing 1.2% apiece.
Later this week, investors will be watching for reports on U.S. retail sales, as well as housing starts.
The bond market flashed fresh warning signs about growth Monday, with the yield on the benchmark 10-year U.S. Treasury note sliding below 2.400% for the first time since March. Yields, which fall as bond prices rise, tend to decline when investors are less optimistic about the economic outlook.
Regards,
Ted
Bloomberg Evening Briefing:
https://www.bloomberg.com/news/articles/2019-05-13/your-evening-briefing
MarketWatch:
https://www.marketwatch.com/story/dow-futures-drop-over-200-points-as-u-s-china-trade-talks-appear-stalled-2019-05-13/print
WSJ:
https://www.wsj.com/articles/global-stocks-stumble-on-renewed-trade-anxiety-11557734434?mod=article_inline
Bloomberg:
https://www.bloomberg.com/news/articles/2019-05-12/yen-advances-yuan-slips-as-trade-war-escalates-markets-wrap?srnd=premium
IBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-tumbles-617-points-stock-indexes-break-support/
CNBC:
https://www.cnbc.com/2019/05/13/us-markets-react-to-china-trade-war-news-and-more.html
Reuters:
https://www.reuters.com/article/us-usa-stocks/wall-street-rout-worsens-as-china-hits-back-on-trade-idUSKCN1SJ159?il=0
U.K:
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-falls-as-trade-dispute-escalates-investors-disconnect-from-vodafone-idUKKCN1SJ0N7
Europe:
https://www.reuters.com/article/europe-stocks/update-1-european-shares-hit-seven-week-lows-amid-u-s-china-trade-standoff-idUSL5N22P1NW
Asia:
https://www.marketwatch.com/story/asian-stocks-move-lower-monday-as-markets-react-to-failed-us-china-trade-talks-in-washington-2019-05-13/print
Bonds:
https://www.cnbc.com/2019/05/13/us-bonds-us-china-trade-tensions-remain-in-focus.html
Currencies:
https://www.cnbc.com/2019/05/13/forex-market-us-china-trade-war-g20-summit-in-focus.html
Oil:
https://www.cnbc.com/2019/05/13/oil-market-us-china-trade-war-global-economy-in-focus.html
Gold
https://www.cnbc.com/2019/05/13/gold-market-us-china-trade-talks-tariff-war-in-focus.html
WSJ: Markets At A Glance:
https://markets.wsj.com/us
Major ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitor
SPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker
SPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectors
Current Futures:
https://finviz.com/futures.ashx

https://www.fool.com/retirement/2019/05/12/3-essential-bond-buying-tips-for-newbies.aspx
3 tips for new bonds buying
Investing 101

FYI:
Regards,
Ted
https://www.cnbc.com/video/2019/05/13/cashin-china-may-boycott-1-or-2-treasury-auctions.html?&qsearchterm=Art Cashin

FYI: Lipper’s fund asset groups (including both mutual funds and ETFs) had net positive flows of $12.6 billion for the fund-flows trading week ended Wednesday, May 8. Money market funds (+$22.0 billion) paced the net inflows, followed by the taxable bond funds (+$1.8 billion) and municipal debt funds (+$1.5 billion) asset groups. Equity funds were the only group to suffer net outflows, as they saw $12.7 billion leave their coffers.
Regards,
Ted
http://lipperalpha.refinitiv.com/2019/05/lipper-u-s-weekly-fundflows-insight-report-funds-take-in-net-new-money-for-the-third-straight-week/?utm_source=Eloqua&utm_medium=email&utm_campaign=00008DM_NewsletterLipperAlphaInsightFundInsightsWeekly_Other&utm_content=Newsletter_FundsWeekly_13May2019&elqTrackId=ad7932dd1e414252912ff7dbe6cf328c&elq=708248568024426c8622c9afa7968c90&elqaid=47053&elqat=1&elqCampaignId=166

Here’s how TRP describes PRWCX : “The fund invests primarily in the common stocks of established U.S companies we believe to have above-average potential for capital growth. Common stocks typically constitute at least half of total assets. The remaining assets are generally invested in other securities, including convertible securities, corporate and government debt, foreign securities, and futures and options.” https://www.troweprice.com/personal-investing/tools/fund-research/PRWCX
Here’s how they describe RPBAX: “The fund seeks to provide capital growth, current income, and preservation of capital through a portfolio of stocks and fixed-income securities. The fund normally invests approximately 65% of total assets in U.S. and foreign common stocks and 35% in fixed-income securities. At least 25% of total assets will be invested in senior fixed-income securities.” https://www.troweprice.com/personal-investing/tools/fund-research/RPBAX
Here’s how they describe RPGAX: “The fund seeks to invest in a broadly diversified global portfolio of investments, including U.S. and international stocks, bonds, and alternative investments. The fund uses an active asset allocation strategy in conjunction with fundamental research to select individual investments ... Under normal conditions, the fund's portfolio will consist of approximately 60% stocks; 30% bonds, money market securities, and other debt instruments; and 10% alternative investments.” https://www.troweprice.com/personal-investing/tools/fund-research/RPGAX
While it’s common to refer to PRWCX as a balanced fund, Price’s RPBAX would appear to better fit that description. And RPGAX at first blush also appears to be more accurately termed a balanced fund. However, with RPGAX Price’s approach seems to point more in the direction of an equity-centric hedge fund, employing various hedging strategies (and also investing in an outside party hedge fund).
I’m not sure what to call PRWCX. It does have some similarities to a balanced fund, but Price assigns it more of a “go-anywhere” mandate. Seems to me that over the 25 years I’ve owned it, different managers have taken it in quite different directions. Each has been successful in his own way. It’s my fourth largest holding at TRP. RPGAX, RPSIX and TMSRX are all ahead of it. That has everything to do with my overall allocation approach and isn’t a reflection of which fund I think is better. If I had to guess 10-15 years out, however, I’d guess RPGAX might outdistance it.

Doesn't make sense to me to leave a very successful fund manager because he's getting older. Why not let performance guide you? There has been no drop off there. Rank in category, 7 in past 3 years, 2 in past 1 year, per M*.

FYI: The big stock rally of 2019 might still be on, according to Evercore ISI.
Fears of an all-out U.S.-Chinese trade war rocked equities last week after President Donald Trump set the stage with tweeted complaints about China, followed by talks that didn’t produce a deal but avoided a complete breakdown.
While the S&P 500 fell the most in a week since December and the Shanghai Composite dropped 4.5%, U.S. shares also showed resilience.
“Bullish intraday reversals atop key support strongly suggest that the week-long 2% pullback is over and the historic first half surge in stocks is poised to resume,” Evercore technical strategist Rich Ross wrote in a note May 10 entitled, “Rational Exuberance.” The S&P 500’s next target is 3,000, he said. That would be a 4.1% gain from Friday’s close of 2,881.40.
Regards,
Ted
https://www.bloomberg.com/news/articles/2019-05-12/u-s-stocks-set-for-exuberance-after-rough-week-evercore-says?srnd=premium

Ditto @Lawlar.

PRWCX = 32.35% of my stuff. I'm now bond-heavy, in retirement. It's my favorite, too, and my only balanced fund. I'm 61% bonds, 25% US equities, and 7% foreign equities. The rest is cash and cash equivalents and "other," according to Morningstar.