Weekly Market Comment – January 21st 2019
Equity markets have started the year strong, their best start to a year in three decades. The catalyst for this has been a lifting of some of the pessimism that was around at the end of last year as a trade war resolution between the US and China looks close and the Federal reserve has indicated it is willing to pause its interest rate hikes. Economic data looks set to remain disappointing as evident by the recent cut to global economic growth by the IMF and it wouldn’t be a surprise to see earnings growth numbers come down as we go through earnings season. It will be interesting if the market continues to climb the wall of worry as the bad headlines emerge over the next few weeks.
– Niall Dineen
Investment Team Leader