Fourth Quarter 2019 – “Riding the Wave”

Fourth Quarter 2019 – “Riding the Wave”

Equity markets continued to rally in the fourth quarter and ended the year on a high note with the S&P 500, the MSCI EAFE, and the MSCI Emerging indices posting double-digit gains of 31.5%, 22%, and 18.4%, respectively, for the year. Equity markets overcame a laundry list of concerns, including global trade wars, Brexit, collapsing industrial production, an inverted yield curve in the US, negative rates across the developed markets, and political uncertainty.