Trade wars, QT and 'unsustainable tech stocks': The outlook for the US in 2019
Is a recession on the horizon?
US stocks were generally buoyant throughout 2018, with the S&P 500 up 15% until 31 September. However, a double hit to markets from 'Red October' and just before the New Year provided major blows to the year's track record. As a result, the index returned just 0.96%, closing at 3487.5 on 31 December.
‘Red October' saw major losses across equity markets following concerns over quantitative tightening and FAANG valuations, with the S&P 500 suffering a loss of 6.9%, its worst month since September 2011....
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