Can Markets Continue Rallying Streak to 2019?

November was a month to remember for emerging markets, with sentiment turning around following an extended period of weakness

Mike Coop 10 December, 2018 | 9:43AM

Delhi India indian equities have rallied in november after stock markets fell in october

As we enter the final month of 2018, we have a lot to absorb. Yet, perhaps the core message is that beaten-up assets can do surprisingly well. To set the scene, we have had no shortage of topics on the boiler, including the oft-referenced Brexit, Italian liquidity, trade negotiations, oil-supply decrees, and central bank decisions, to name a few.

Amid the noise, many forget the important role valuations can play, with the decade-long bull run for global equities losing steam and impacting some pockets of the market more than others. In this regard, the market setback of October slid into November, although a late recovery alleviated some of the pain.

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About Author

Mike Coop  is Head of Multi-Asset Portfolio Management, EMEA, Morningstar Investment Management

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