Weekly Market Comment – May 13th 2019
Equity markets are showing signs of weakness for the first time this year with global equities falling almost 3% last week. The catalyst for this has been a breakdown in trade talks between the US and China. Whilst this has been the catalyst, it shouldn’t be a surprise to see some sell off given the strength of equity markets this year. One has to remember that that equities don’t go up in a straight line and in the majority of years, equity markets experience a 10%+ correction and therefore it wouldn’t be a surprise if markets weakened further.
– Niall Dineen
Chief Investment Officer