2019 In Review - After an extraordinarily gloomy 4th Quarter of 2018, global investors welcomed 2019 with open arms and eager wallets. Although not one economic or geopolitical factor had changed over the holidays, investors returned to markets in “buyer” mode.
The US Fed seemed to not only want to join the party, but be the major sponsor, and trimmed rates 3 times between July and year end. No one anticipated U.S. long term rates reducing 100 basis points or the shift in much of the world’s central bank’s from interest rate normalization to a reflationary...
