GTC WM Trendline – December 2018
Domestic: Macro slowdown or recession
Volatility in global markets epitomised the fourth quarter of 2018 as investors’ sentiments were tested with mixed data amidst increased geopolitical concerns surrounding the trade standoff between the US and China, weakening Chinese economy, and the possibility of a hard Brexit landing. October saw the sharpest one month decline since May 2012, with the MSCI World shedding -7.3% with Emerging Markets eclipsing the fall tabling at -8.7%.
