Wed, January 01, 2020
Equities reached record highs in 2019, a welcome rebound after a tumultuous end to 2018. The avoidance of the worst-case outcomes feared at the end of 2018 contributed to the surprisingly strong market performance. Central banks turned from a tightening to an easing bias, China took steps to stimulate economic growth, and the U.S. and China declared a truce in a trade war that slowed growth in both countries.