When Donald Trump tweeted on New Years’ day that Americans should ‘calm down and enjoy the ride’ investors were probably alarmed about what might be in store for them in 2019.
Their alarm was probably justified after another Federal Reserve interest rate hike and a series of bad economic news from China and the US had left them reeling going into the end of 2018. In actual fact, however, the first few trading days of the year have been quite different.