Your January Monthly Market Recap
Let Your Goals Be Your Guide
After a somewhat gloomy close to 2018, the New Year has not exactly rewarded investors with warm and fuzzy headlines. Let’s see…first, there was the longest government shutdown in US history, which was hard on the employees who were directly impacted. And with that, the US economy lost an estimated $3 billion that will never be recovered.
Then, across the pond, Great Britain’s Prime Minister suffered a stinging defeat of her Brexit proposal and there is no clear resolution in sight. China’s economy was found to have grown only 6.6% in 2018, its slowest showing since 1990. The IMF also warned that global economic expansion is weakening.
And, oh, and the S&P 500, a broad measure of US stocks, rose 7.8%, which was its best January return since 1987 .
Wait, what? How did that happen?Read more