While the market in 2018 started off strong, by December, it was in disarray. As we discuss in this month’s commentary, “Disruption and Disarray,” December 2018 was in fact the worst December for the market since the Great Depression in 1931. The S&P declined within a whisker of official correction status. This was one of many lowlights in the fourth quarter, and reflective of the market volatility that we anticipate seeing more of in 2019.
In our winter commentary, President and Chief Investment Officer, J. Reed Murphy, details just how bad volatility was during the fourth quarter of 2018 and what caused the sell-off in equities. He will also review some of the big questions the markets face in 2019, including:
- What could the impact of tariffs be?
- Will the Fed continue to raise interest rates and what could that mean for the economy and investors?
- Is a recession on the horizon?
Finally, Reed discusses how we should consider the markets behavior and where we go from here.
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Get in the Know – Winter 2019 Market Commentary
Read the complete commentary, including a market recap and portfolio implications.
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