Highlights from January 2019

After the worst December for stocks in decades, global equity markets bounced back in January. In December, the S&P 500 fell 9.18% (its worst December since 1931) and entered bear market territory. Since Christmas, the S&P 500 has risen over 15% with a 7.9% jump in January alone, its best January performance since 1987.

Crude Oil was up around 18% during the month and Brent up around 14%. The Baltic Dry index was down about 40%. The Baltic Dry Index is a trade indicator that measures shipping prices of major raw materials and is often seen as a global growth indicator. Is that a sign that growth and trade further slowing?

Iron Ore was up around 20% during January and could be a small sign of improving economic conditions. U.S. job growth during the month remained robust too.

Here’s what we wrote about in January,

 

Economy

2019, a year that will be different

Did the global economy slow significantly at the end of 2018?

U.S. Corporate profits have been growing well and have hit a record high

UK household credit growth remains robust despite Brexit as outstanding household debt hits 80% of GDP

Eurozone Q4 2018 GDP up by 0.2% and European Union Q4 2018 GDP up by 0.3%; 2018 annual GDP growth at 1.8% for the Eurozone and 1.9% for EU; Italy in Recession

 

Looking back at 2018

Ten Most Read Posts from 2018

Ten Recommended Reads from 2018

 

Economic Insights

Individuals now consistently contribute over 80% of all U.S. federal taxes

Rising benchmark interest rates in the United States are having little impact on mortgage and saving interest rates as well as interest margin of banks

Here are UK household spending insights

Delinquency and Charge-off rates across banks in the United States remain low (January 2019 edition)  

The growth of E-Commerce in the United States in three charts

Here are the minimum wage levels across the European Union

Healthcare has displaced Retail as the largest employer in the United States

Europe’s aging population is set to cause huge economic challenges

The U.S. total wage bill to corporate profitability ratio throws up several questions

 

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