Wyn Thomas - Axys Investment Management

Weekly Market Commentary 16th August 2019

MARKETS AMPLIFY GLOBAL HEADWINDS

This week was another eventful one for global markets. They fell at the start of the week on news that Trump was going to ramp up his trade war with China, rose when he decided not to and then plummeted again when weak data out of China and Germany stoked fears of a global recession. So far global GDP is slowing rather than falling, but markets worry that a slow to act Fed and a needlessly disruptive trade policy will make the difference between stalling and falling. Hence the extreme reaction to every bit of news in either direction. Read more…