A Year of Divergence
Overview
Some years make indelible stamps on our consciousness for memorable market trends or events, good or bad. Investors’ conversations are dotted with references to 1987 (Black Monday Crash), 1999 (tech stocks through the roof), 2000 (dot-com bubble bursts), 2008 (financial crisis) and 2009 (bounce back off the bottom) that need little or no elaboration. 2014 leaves behind more of a mixed legacy, delivering a confounding combination of different messages depending on one’s view. The review discusses the global markets over the last year and provides insights into what the future holds for investors.