FNArena’s Weekly Insights – December 02 2019
MFS strategist Robert Almeida summarised it best in his latest reflections: “Investing is simple, but hard“.
Those who had been expecting logical, straightforward outcomes for financial assets in calendar year 2019 have been hit with multiple surprises as the year went by.
One of the biggest surprises, no doubt, is that the year that saw corporate earnings growth grind to a halt in the USA, with Australian dividends going backwards on top of falling profits, while there has been no tangible progress in the conflict between Washington and Bejing, also witnessed share market indices surging to new all-time highs, with short term momentum pointing further upwards.
This aint normal, is it?