Q3 Economic & Market Commentary
Records were broken this quarter as volatility continued to quiet down. Solid economic growth and strong corporate earnings results, boosted in part by tax cuts, helped fuel this quarter’s rally. In contrast to the second quarter, large capitalization value stocks significantly outperformed small and mid-cap (“SMID”) value stocks. Even with the risks of higher interest rates, political turmoil, trade tensions and peak corporate earnings, people are still fearful of missing out. Our advice would be that you should not focus on missed opportunities in the past. Rather, focus on what could lie ahead….