Winter 2020 Market Commentary
Winter 2020 Market Commentary

Winter 2020 Market Commentary



William M. Giffin
William M. Giffin
Chief Executive Officer
Executive Board Member

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Kevin Rice
Kevin Rice
Senior Investment Strategist
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Winter 2020 Market Commentary


Trade wars, a decline in global manufacturing, and the possibility of a recession weighed on economies in 2019, although central bank rate cuts and resilient consumers provided a positive stock market counterbalance.

Unlike 2018, where almost every major asset class declined, in 2019 every asset class climbed higher. In the Winter Market Commentary we ask: “What may tip the scale?

  • Will ongoing trade uncertainty and weakened manufacturing hurt job growth?
  • Will a geopolitical event, the impeachment trial or the U.S. election cause the markets to fall?
  • Or, will interest rate cuts and a resolution of the trade war spark a fresh round of global economic growth and cause the markets to rise?

In this commentary we review the issues that we believe could tip the scale and provide our insights on how they will impact the markets.


2020 Winter Market Commentary Get in the Know – Winter 2020 Market Commentary
Read the complete commentary, including a market recap and portfolio implications.
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Tags:  Financial Analysis, Geopolitical Events, Global Economics, Impeachment Trial, Interest Rate Cuts, Interest Rates, Investment Analysis, Investment Insights, Job Growth, Market Analysis, Market Commentary, Market Insights, Quarterly Market Commentary, Trade Uncertainty, Trade Wars, U.S. Economy, U.S. Election, Weakened Manufacturing, Winter 2020

Note:  The content of this article is for guidance and information purposes only and is not intended to be construed as advice. Information provided is not intended to provide investment, tax, or legal advice.

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