Even for this resilient bull market, the threats are starting to multiply

So much for the idea that bull markets in shares die of old age. This theory has been widely touted for at least the past four years and, 12 months ago, it seemed as if the naysayers were on to something. Global share prices, as measured by the broad MSCI World index, fell 3% in 2018, with much of the blame pinned on the brewing China-US trade war. But then came 2019: a surge of 24% in the same index.

Wish you well

Chaos and the initial condition.

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