CWM Fourth Quarter 2019 Investment Commentary

If the story of late 2018 was the market’s adverse reaction to tight U.S. central bank policy and the potential for a policy mistake, the story of 2019 is undoubtedly that global capital markets greatly benefitted from a substantial accommodative shift in global monetary policy. In response to a global manufacturing slowdown brought on by the US/China trade war, the Fed dramatically shifted its policy stance and cut benchmark rates three times in 2019.  

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