9 February 2019
Weekly Insights From The FNArena News Desk 05/02/19
The public debate whether the US, and by extension the global economy, is heading for a recession has quickly fallen flat in early 2019. Very little works as reassuringly as rising share prices, and as the dire and gloomy final quarter of calendar 2018 has been followed up by one of the strongest January performances on record, investors worldwide seem to accept that maybe there still is a valid alternative in between raging bull and relentless bear.
One might be inclined to draw a parallel with early 2016. Things seemed similarly doomy and gloomy at that time, but the Federal Reserve, then chaired by Janet Yellen, got the message and pressed the pause button. By year’s end the outcome for global equity markets turned out a lot better than many would have dared to predict at the start of the year.
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