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Stocks got off to an abysmal start to the year, with both developed and emerging markets cratering. The Dow Jones Industrial Average plunged 6.19% to close the week at 16,346, while the S&P 500 Index fell 5.92% to 1,922, and the Nasdaq Composite Index declined 7.27% to 4,643. In fixed income, the yield on the benchmark 10-year U.S. Treasury fell from 2.27% to 2.11% as its price rose.
The turn of the year is a time for reflecting on the year past and what the forthcoming year might entail. For the finance industry it is also the time for crystal ball gazing and lists of predictions for the year ahead. Of course, New Year’s predictions tend to be about as successful as New Year’s resolutions – and with this in mind we put an alternative spin on the exercise: what seven events, despite being predicted by highly respected forecasters do we think won’t happen this year.
National Treasury’s decision to regulate hedge funds in the same way as collective investment schemes will help improve the public view of hedge funds while at the same time giving retail investors access to a wider array of trading strategies and instruments than are currently available via unit trusts, says Deloitte.
The current state of the local and global economies makes a compelling case for the ‘old adage’ of diversifying one’s investments.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?