“Employers are starting to retrench,” says Kevin Mahn, president and chief investment officer at Henion & Walsh Asset Management. Mahn tells MarketWatch Radio’s Larry Kofsky that “they don’t feel as comfortable expanding their operations or hiring more people in this type of environment.” And this is not a cyclical thing, Mahn says, “it speaks to the larger concern with the whole global economy.”

Click here to listen to the entire podcast.