Global equities continued to advance last month as positive news kept investor sentiment “risk-on”.
Last month we said that a number of issues, such as the US/China trade deal, the pace of interest rate rises and the avoidance of a no-deal Brexit, could be resolved early in 2019
Relief over the temporary US-China trade proved short lived as anxieties about tightening monetary policies, slowing global growth and geopolitical uncertainty took hold in December.
November began with US mid-term election results coming in as expected
October has been a poor month for investors.
The tug of war between politics and fundamentals continued in September.