
Trade tensions are more than China
In 2018 global trade was a stable share of the global economy.

In 2018 global trade was a stable share of the global economy.

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Despite the strong equity market recovery in January, I’m still meeting with investors that are shaken and upset about the sell-off at the end of 2018.

This time last year, equity valuations were beginning to move to the higher side of fair value, and credit spreads were near their lowest level since the financial crisis.

In 2018 global trade was a stable share of the global economy.

In 2018 global trade was a stable share of the global economy.

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This time last year, equity valuations were beginning to move to the higher side of fair value, and credit spreads were near their lowest level since the financial crisis.

Despite the strong equity market recovery in January, I’m still meeting with investors that are shaken and upset about the sell-off at the end of 2018.

Despite the strong equity market recovery in January, I’m still meeting with investors that are shaken and upset about the sell-off at the end of 2018.