Wyn Thomas - Axys Investment Management

Weekly Market Commentary 4th January 2019

MARKET UNCERTAINITY CONTINUES AS US GOVERNMENT REMAINS SHUTDOWN

This week the markets have started the new year as they ended the old one, with some wild price swings. After a December that blew apart the Santa
Rally story by posting the worst returns of the year for the first time, and in doing so ending a reliable easy week before Christmas story topic for
journalists (and analysts) everywhere, we’re now watching for the demise of the January effect. The phenomenon, where small caps outperform large
caps at the start of the year, could be on shaky ground as well despite a positive opening few days. Read more…