Investment performance in both U.S. stock and bond markets has been strong year-to-date and while some investors are concerned about a sell-off, others are worried: worried about a possible recession, worried about interest rates, uncertain about growth. They’re also worried about missing out on the next big thing, worried about “beating the markets” and perhaps not worrying enough about the risks of their investments.
Record is our word of the quarter. It describes the first quarter of 2019 and the fourth quarter of 2018, both of which were historically extraordinary performance quarters for the stock market, both up and down. The word record may also describe Modera Wealth Management because we often sound like a broken one when we say: “Stick with your financial plan, and do not try to time the stock market.”