Stokes Capital Commentary 2018 Q4
Quarterly Market Review
U.S. equities recorded their worst quarterly performance in over seven years with the S&P 500 Index declining -13.5% as investors raised concerns over the slowing global economy. Compounding the negative sentiment, the Federal Reserve raised interest rates and gave no indication of an end or pause anytime soon. In addition, trade tensions with China, concerns over peak earnings growth and dysfunction in Washington added to the selloff pushing equity indices in negative territory for the year.