If global markets were priced off headlines, they'd be deeply in the red as the first half of 2019 came to an end.The ASX has been one of the stronger performers, up 17pc in the first half lifted by both miners and banks
The trade war between the world's two biggest economies seemed to ratchet up on a monthly basis; a hundred billion in tariffs here, a hundred billion there and pretty soon you're talking serious disruption. Inverted bond yields were threatening to make an appearance on popularist current affairs TV programs — OK, that may be taking it too far, but you get the gist.
It is not just one asset class, it has been across all sectors — something few investors would have predicted as many assets, including US equities, were tumbling into the clutches of bear markets on Christmas Eve.A lot of that has to do with the dire situation markets founds themselves in at the end of 2018.
Stephen_Letts This makes the housing bubble look tame and sound on fundamentals.
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