Upon closing out 2019 and commencing 2020 we believe the state of the world, as it pertains to equity investors, can be summarised as follows. Global monetary policies generally recommenced easing during the year and the balance sheet of the Federal Reserve has started to expand again. Global disinflation persists and after the monetary-tightening-induced mini-meltdown of Q4 in 2018, there will be no rush to reduce monetary stimulus anytime soon by any major central bank.
To gain more insights about the last quarter of 2019 as well as the year gone by, please have a look at this video featuring Andrew Macken, Montaka’s Chief Investment Officer.
