Quarterly Economic Update: 4th Quarter 2019
As we look back and reflect on what was predicted by many to be a year of worry and concern, equity markets advanced heavily in 2019 and investors were rewarded. The final month of the year brought several new highs for both the S&P 500 and the Dow
Jones Industrial Average (DJIA). In the fourth quarter of 2019, the S&P 500 rose over 9% and for the year it turned in its best annual performance since 2013. The DJIA also had a strong quarter rising 6.7%. (Source: RWBaird.com 1/1/2020)
If someone had told you on January 1st of 2019 that the year would start off with talk of a global economic recession that might take the U.S. economy down with it, add to that, that the U.S. would be in a trade war with China, and the President would get impeached, you might have wondered how much equity markets would retreat. Some feared that 2019 was going to be a challenging year for stocks with volatility taking center stage.
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