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 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
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

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 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
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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