The Investor Insight | April 2019

THE MARKETS MADE a nice recovery of much (but not all) of the losses from a horrific Q4’18, a period where the stock market saw its worst quarter since the Great Depression. The narrow breadth seen in the markets for nearly the past two years—where indexes were dominated by a handful of stocks—gave way to a cascade of selling in Q4. As we entered Q1’19, with economic indicators weakening and the inversion of the yield curve, the Federal Reserve pivoted to a neutral stance on rates, indicating no more hikes in 2019. This is likely due to significant weakness in the housing and auto sectors—both of which are very rate sensitive and have been struggling over the past year. Read More