It has been a volatile year on share markets with trade wars, rising interest rates in the United States, Brexit and Trump himself dominating sentiment.
We witnessed a strong rise in global markets through to September after February’s pull back before another fall in the past few months.
So what does that mean for investors looking ahead?
When looking at the fundamentals it appears global growth is starting to slow and interest rates, while still low by historical standards, are higher globally than they have been in recent times. It is always relative with interest rates and any increase from such a low base will have an impact.
This type of environment is conducive to higher levels of volatility and with share markets globally entering their tenth year since the last bear market it would pay to be cautious looking ahead to 2019.
Investors should seek advice from a non institutionally owned advice business and make sure their asset allocation is appropriate for their goals.
Brad Ferguson is the managing director at the Newcastle office of Bell Partners Wealth Creation & Financial Advisory