Manchester United defenders Marcos Rojo and Paddy McNair suffered injuries against Southampton and will miss Wednesday's third-round League Cup clash against Ipswich Town at Old Trafford, manager Louis van Gaal has confirmed.
The duo’s unavailability comes at a bad time for the Dutchman with left back Luke Shaw also ruled out for six months after a horrific leg break in the 2-1 Champions League defeat at PSV Eindhoven last week.
“Rojo has a hamstring injury and Paddy McNair has a minor injury,” the manager told the club’s website.
The injuries to two more defenders mean that Phil Jones could make his first appearance of the season for United, despite not being fully fit.
The 23-year-old has been sidelined with mild thrombosis – a blood clot – but has been included in the squad and will be on the bench for the tie against the Championship side.
“I have to admit that because of the injury of three defenders, I shall have Jones on the bench but he is not fit,” Van Gaal said.
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What should do investors do now?
What does the S&P 500's new all-time high mean for the average investor?
Should I be euphoric?
No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.
So what happened?
It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.
"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."
Should I buy? Should I sell?
Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.
"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.
All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.
Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.
Will the rally last?
No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.
"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."
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What one book should everyone read: Any book written before electricity was invented. When a writer willingly worked under candlelight, you know he/she had a real passion for their craft
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Best time to swim in the sea: When there is enough light to see beneath the surface
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2.15pm: Handicap (PA) Dh60,000 1,200m.
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3.15pm: Conditions (PA) Dh60,000 2,000m.
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4.45pm: The Crown Prince Of Sharjah Cup Prestige (PA) Dh200,000 1,200m.
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Torque: 881Nm at 4,800rpm
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