Market Comment January 2020 - After a bumper 2019, what lies ahead for 2020?
Christmas 2018 was a dismal one for stock market investors. Meagre gains eked out through a volatile year were reversed at its end, on fears of slowing global growth and all-out trade war between the US and China. The S&P 500 tumbled by 15% between November 30th and December 24th that year. Traders thought a recession was imminent. Such fears proved overblown. The S&P 500 rose by 28.9% during 2019, well above the average annual gain for the past decade. December is often good