Portfolio Review 4Q19

Portfolio Review 4Q19

The year just ended was a year when virtually everything was up, U.S. and foreign stocks, bonds, precious metals—almost every major market and sector except commodities (outside the precious metals) and energy stocks. It was quite the reverse of 2018 when, due to the late-year sell off as the Federal Reserve started its short-lived tightening phase, pretty much everything ended the year down. The Fed’s U-turn early this year re-ignited the markets, showing once again that easy money has been the primary driver of the markets recently. How long that will continue is likely to determine to a large degree how long the bull market will last. Finish reading here: Portfolio Review 2019 4Q