2018 was expected to be a redeeming year after the twin misery of demonetisation and teething troubles of GST, but it has turned out to be far from that. A mix of global factors combined with deteriorating local macro has hit investor sentiment badly. So, it wasn’t surprising to see caution around equities among the country’s leading private wealth advisors at Upper Crest, the 7^th edition of Outlook Business’ private wealth roundtable.