Now that 2015 is coming to a close, financial gurus are looking ahead to what the upcoming year will bring. Will 2016 or the Year of the Fire Monkey bring good fortune?
Based on the Chinese five elements horoscope, fire monkey has metal and water. This means that more financial events could dominate the headlines in 2016, as metal is associated with gold while water is connected to both wisdom and danger. Metal is also connected to the wind, which might imply additional market uncertainty and shifts in sentiment.
Looking at the market themes that are likely to carry on to the next year underscores this outlook, as the US has its first interest rate hike since the financial crisis coming up and also the presidential elections. Monetary policy tightening might put a lid on consumer spending and business activity, likely weighing on company earnings and stock market performance. Meanwhile, political uncertainty and leadership changes after the elections may also bring a bit of market volatility.
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