https://www.cnbc.com/world/?region=world
I see the trade deal as very good news for global growth. As I see it this is a real "risk on" environment.
NZX50 is said to be on a forward PE of 29 already and after gaining ~ 30% in 2019 I am not sure how much gas is in the tank for a big 2020 but I like the prospects for the American market, (forward PE is 19 for S&P 500), and the Australian market in particular which should see very good growth from a resurgent demand for base metals and minerals, (forward PE about 18).
I hold significant positions in Marlin (MLN) and Barramundi (BRM) to enjoy what is hopefully an exceptional year for the American and Australian markets.
I think this environment is also very good for financials, (sizeable holding in HGH) retirement stocks, my preferred ones are MET and SUM and growth stocks on reasonable PE's.
Bonds are a very bad place to be in 2020 in my opinion.
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