Originally published by AxiTrader
January 2016 was an awful month. Traders kicked off the year with worries about China and its growth profile.
That in turn cascaded into worries about the global economy, knocked commodity markets for six, and the general level of risk aversion - fear - then in turn dragged down stocks and other markets.
But what a difference a year, better growth, and Trumponimcs makes.
Last night the IMF upgraded its expectation of global growth to 3.4% and 3.6% for 2017 and 2018 respectively. That was largely on the back of upgrades to the big four economic regions - China, Europe, Japan, and of course the USA.
So not only is January 2017 a world away from the fear and carnage of a year ago but with the economic outlook looking up we might see a continuation of late 2016's performance across global markets.
That's unless Donald trump and geopolitics gets in the way.
Anyway, here's a great graphic from Reuters on asset performance this year (blue) compared to last (grey).
Have a great day's trading