Economic Insights – February 2019

At the beginning of February, the S&P 500 was up 8+ percent year-to-date and 2019 recorded the best January return in 30 years.  But those great results come after a 19+ percent plunge in the fourth quarter of 2018. 

What does that tell us? 

We know from history that corrections in equity prices are a normal part of bull markets.  Keep in mind that the S&P 500 has rallied nearly 50 percent over the course of the last three years.  So, a 19+ percent plunge doesn’t even reach the “primary trend-line” for t.....