Traders work at the New York Stock Exchange as Federal Reserve Chairman Jerome Powell gives a news conference on September 18. As concerns about a global economic slowdown mount, the Fed cut interest rates by a quarter of a percentage point for the second time since July. Photo: AFP
Christopher Smart
Opinion

Opinion

Macroscope by Christopher Smart

Should stock market investors expect another miserable end of the year?

  • Strong consumer confidence in the US and monetary policy easing by central banks bodes well for stock market performance next year
  • However, economic and political uncertainty, budget deficits and corporate debt remain risks to watch

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Traders work at the New York Stock Exchange as Federal Reserve Chairman Jerome Powell gives a news conference on September 18. As concerns about a global economic slowdown mount, the Fed cut interest rates by a quarter of a percentage point for the second time since July. Photo: AFP
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US President Donald Trump at the White House in Washington on October 21. Trump is a central figure in much of the pessimism weighing on global markets. Photo: EPA-EFE
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Uncertainties over US-China trade war, Brexit, Trump impeachment and a global recession leave investors deeply confused

  • Stock markets continue to show signs of bullishness, yet bond markets are struggling and money is flowing into ‘safe haven’ assets. This shows how events weighing on confidence are of a political nature, pushing investors out of their comfort zone

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US President Donald Trump at the White House in Washington on October 21. Trump is a central figure in much of the pessimism weighing on global markets. Photo: EPA-EFE
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