View the October 2019 Quarterly Market Update Here
Equities have exhibited impressive strength and resilience through the first three-quarters of the year. The Standard and Poor’s (S&P) 500 index is up over 20% year-to-date (YTD), not too distant from its all-time high. There are numerous potential
reasons:
- Economic data continue to show the US consumer is in good shape. As most everyone understands, with consumption accounting for approximately 70% of U.S. Gross Domestic Product (GDP), this is significant.
- Despite increases in the recent past, interest rates remain extremely low.
- Global central banks continue to provide extreme monetary policy accommodation.
- There exists optimism that political considerations will compel the US and China to accelerate a reduction in trade tensions resulting in lower and/or the removal of tariffs.
For more information contact our Wealth Management team.
