29 November 2018
Weekly Insights From The FNArena News Desk 27/11/18
One expert voice who should have been mentioned more in my writings throughout the year is Morningstar’s head of equities research in Australia, Peter Warnes. From the start of the new calendar, and with most investors and commentators preparing for yet another year of abundant investor cheer, Warnes stuck to his view that 2018 would not be a year of joy for equity investors.
For nine long months it seemed he was just another “bear” who would be forced to eat his words by year end. But momentum did turn, eventually, and when it did there was nothing to keep share prices and indices in positive territory for the year.
As I pointed out two weeks ago, Warnes is anticipating the end of the bull market with a classic -15%-20% retreat. For those who missed it, here’s the exact quote:
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