Portfolio Review 1Q19

Portfolio Review 1Q19

Stock markets and other assets reversed course after the Federal Reserve and other central banks faced market declines…and blinked. With an end to monetary tightening, stocks, commodities, bonds all rallied, recovering the losses of the previous quarter. The U.S. market had its best start to the year since 2002. In fact, other than currencies, very little indeed was down this past quarter. Wheat, natural gas and silver are about the only assets of importance that declined. A market that rallies only because of monetary injections, however, is not on sound footing. While this may continue for a while, there exist the threats of a slowing economy, rising inflation, and declines in real terms. Finish reading here: Portfolio Review 2019 1Q