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2019 may see a gummy bear but a grizzly is unlikely

Shares possibly have more downside into early next year but the US/world economy isn't heading into a recession

Grizzly bears maul investors but gummy bears leave a nicer taste. Corrections are quite normal and healthy as they enable the sharemarket to let off steam.

THREE years after it first started raising interest rates in this cycle the Fed has increased rates for the ninth time, raising the Fed funds rate another 0.25 per cent to a target range of 2.25-2.5 per cent. While this was largely anticipated by markets, the Fed was less dovish than expected...

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