Stocks are riding high, so why are investment pros turning bearish?

Businesses are backing off on investment as the Trump administration's trade wars with China, the European Union, and other countries hang over capital markets, according to economist Dennis Hoffman.

Unpredictability around U.S. trade policy probably won't slow down soon, particularly as the 2020 United States presidential election revs up, according to Professor of Economics Dennis Hoffman, who is the director of the L. William Seidman Research Institute.

In this article published June 18, 2019, on CBS News:

There's hesitation today over fears of the trade wars and hesitation tomorrow as people consume copious amounts of media over the election. That's a recipe for a slowdown.

– Dennis Hoffman, professor of economics and director of the L. William Seidman Research Institute