Cazenove's Mui: Five reasons to be positive in 2019

2018 has been the worst year since 1901 in terms of declines across a broad base of assets. Research by Deutsche Bank found that, across a sample of 70 global asset classes, 90% produced a negative return in 2018 in US dollar terms, surpassing the previous worst-ever year, 1920, where 84% lost value. Which will be the best performing asset class over the next five years? The regime change from quantitative easing (QE) to liquidity withdrawal is a key factor behind this striking pattern of declines. It is exacerbated by concerns about trade disputes and a weakening global economy. ...