2018 was the year of subdued returns for equities. Global growth seems to be moderating. Despite the strength in the US consumption and robust labor market, doubts have emerged about the continued strength of the US economy. The US financial conditions have tightened, and the impact of fiscal stimulus is expected to fade in 2019. Unwinding of monetary accommodation by central banks would keep volatility elevated. In the near-term, there may be positive news flow on the trade conflict as growth ...
