What a difference a year makes. A year ago, we were in the midst of a stock market rout. Recall that the S&P 500 fell 13.5% in the fourth quarter of 2018, as the Fed was still considering rate increases and the trade war with China was just beginning.
A month, a year, even 10 or 20 years are short periods of time in the entire scheme of things. Just as the Grand Canyon wasn’t created in a day, neither can a successful investment strategy be measured in the returns of one week, six months or even three years.
Modera's George Padula offers insights on the recent market decline.
Modera's George Padula discussed rebalancing considerations.