John Husselbee: Glad tidings for 2019?

Broadly speaking, 2018 was the opposite to 2017 - during which equity markets appeared to be in an ongoing race to post fresh highs month after month - and proved a challenging period for investors. Most asset classes posted negative returns over the last year, after a decade largely in the black, and we saw a rare case of fear and greed joining forces to drive markets. One or the other is typically in the ascendancy, creating a cycle as the mood shifts between them but, while the US saw plenty of greed in 2018 - at least until October - fear stalked the rest of the world. So given th...