18 Dec 19 - 2019 Wrap - Xmas Rally? | TJX ​This will be the last daily market insights email for 2019, until we resume in mid-Jan. ​Thank you for your support this year and we wish everyone a Merry Xmas and prosperous New Year. Global markets continued to generally trend higher overnight, as the Xmas rally for sharemarkets continues with investor confidence in the US economy reinforced with upbeat manufacturing and housing data. The path to least resistance seems to be up right now, with some of the immediate risks removed - such as the UK election and the US-China trade war ​escalation.​ The prospects for the world economy ​also ​look a bit brighter​, with recent economic data out of the ​US and Europe​ ​suggest​ing​ the downturn in global growth may be bottoming.​ Looking ahead into the start of 2020, US corporate earnings season will be watched closely, and we note that 2020 earnings will be compared to a lower base of 2019 profit levels.​...