Market Outlook - Fourth Quarter 2019
Market Outlook - 4th Quarter 2019
Investors remained cautiously optimistic despite looming threats and rocky markets. The prominent investment themes from the second quarter leaked into the third, producing volatile trading but little movement. The U.S.-China trade conflict captured investors’ attentions and seesawed markets, while the Federal Reserve lowered rates for the second time in a year in September. That, combined with slowing global economic growth, produced an inverted yield curve, which can be a harbinger of economic downturns.
In all, the S&P 500 pushed 1.7% higher for the quarter through Sept. 26. And despite the muted returns, domestic equities outperformed their foreign counterparts yet again.