Date : January 21, 2019
Category : Quarterly Report
The 4th quarter proved to be a difficult ending to a challenging year. Volatility, dormant since March, awoke once again with vigor taking investors on a topsy-turvy excursion that included touching all-time stock market highs in October and then plunging into a 19.8% correction in the S&P 500 by December, the second 10% plus decline of the year. There was no shortage of attention-grabbing headlines from midterm elections and tariff escalations, to border walls and another government shutdown, to riots in Paris, chaos over Brexit, and the possibility of a synchronized deceleration of the global economy.