In the 4th quarter, political uncertainties gave way to clarity with the election of President Trump. Following an initial post-election pop, most indices softened. The Magnificent 7 continued to drive returns, and the yield curve normalized, with long-term interest rates higher than near-term rates.
Fourth Quarter Market Commentary
In the 4th quarter, political uncertainties gave way to clarity with the election of President Trump. Following an initial post-election pop, most indices softened. The Magnificent 7 continued to drive returns, and the yield curve normalized, with long-term interest rates higher than near-term rates.