Principled Thoughts


Year-End Market Commentary and 2019 Market Outlook and Predictions

Pipe

In 2018, investors faced a year of heightened volatility (corrections in January and February, and again through the 4th quarter) in which fundamentals were at odds with general sentiment and overall market performance.  During the year, we saw markets reach record highs, the economy expand at rates not seen in many years, unemployment reach a 50-year low, wage growth continue to rise, and corporate profits surge.  However, despite strong fundamentals, headlines drove the markets and stock prices fell into correction territory on uncertainties surrounding a trade war and the government shutdown–and on fears that a global growth slowdown may lead to a recession.  As we enter 2019, we are not questioning whether or not equities can (and should) move higher based on solid underlying fundamentals, but rather whether growing uncertainty and fear are what will drive the markets.

Last week, we took a look into our crystal ball (of analysis that is) to make our predictions as to what may be ahead for 2019.  Check out our 2019 Market Outlook!

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