Market Commentary December 31, 2019
U.S. equities added to already impressive gains for 2019 with a year-end rally that produced record highs and the best performance for the S&P 500 Index since 2013. The Q4 gain of 9.1% was in sharp contrast to last year’s Q4 selloff of -13.5% and the 31.5% gain for 2019 was a dramatic reversal compared to the -4.4% decline for 2018.
