Is It Winter?
According to the calendar winter came in December as always. However, it has not been clearly defined by the CT weather, which has continued to be more fall-like with one early snow-storm in November, and lots of rain since. Temperatures have generally been in the 30’s or 40’s. It makes me nervous as to how January and February will shape-up. I hope you all had a wonderful Holiday season and that you enjoy winter as much as possible while we patiently wait for spring.
The Holidays are a great time of year. Seeing family and friends, some for only the first or second time of the entire year, is a real treat. Sandra and I had opportunity to spend time with her local family, my Aunt and cousins in Florida (as seen in the photo), my brother and family in Baltimore, and of course, my Mom. A busy travel schedule, but well worth it. Holidays encourage family gatherings, and we’re happy for it. We hope you had happy family and friend gathering as well.
Last Quarter Round Up
The fourth quarter of 2018 was difficult for both markets and investors. The S&P 500 was down -13.52% for the quarter and -4.38% for the year. Global ex-U.S. was down -11.46% for the quarter and -14.20% for the year. Emerging markets were a bit better for the quarter, down -7.47% but for the year were down -14.58%. Unlike earlier in the year, bonds did offer some buffering to stocks with the Barclays bond index up +1.64% for the quarter, but only +0.01% for the year. Short-term treasuries were up +0.60% for the quarter and +1.89% for the year.