Market Insights 2019
What do both May and October have in common for stock markets? They are both months when investors tend to adopt a decidedly negative view on stock markets. “Sell in May and go away, come back on St. Leger’s day” is an adage which refers to the custom of leaving London in the hot months between May and September for the cooler climes of the country.
Think back to the turn of the millennium, what were you doing? More than likely cracking open the bubbles to see in the dawn of a new era, perhaps some of us were fretting over the infamous Y2K computer meltdown heralded at the stroke of midnight!
2018 will hardly be remembered as a vintage year for global markets, in fact, it will likely be lamented with a grimace as the year that broke the back of the 10-year bull run and a year when investors were reminded, uncomfortably, that markets go down, as well as up.