Three reasons to be bearish in 2019

At the start of 2019 there were three main reasons to be bearish.

Firstly, there was a risk that the US Federal Reserve was not adjusting its interest rate policy to reflect increasing signs of slowing growth in Europe and China. 'This goes further than most of us thought it would': ECB to introduce measures to boost stunted eurozone Secondly, a resolution to the US-China trade war and removal of tariffs looked unlikely, while a 1 March deadline would see the imposition of further tariffs. Thirdly, Brexit negotiations had hit an impasse both in the UK parliament and between the UK and the EU, risking a no-deal Brexit. Fast forward to the begin...