November 19 2019 Market Update
Managing Your Portfolio Through Uncertainty
October remained a time of mixed economic and market news, which can be confusing even for the most enthusiastic followers of financial news.
For example, the stock market enjoyed broad gains in October despite falling corporate earnings and continued geopolitical tensions. Those gains were supported by relatively conciliatory language between the US and China in the ongoing trade dispute and by the Federal Reserve’s measures to keep money markets running smoothly.
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Investment advice is offered through JSF Financial, LLC, which is not a subsidiary or control affiliate of MACC.
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Historical data shown represents past performance and does not guarantee comparable future results. The information and statistical data contained herein were obtained from sources believed to be reliable but in no way are guaranteed by JSF Financial, LLC or MACC as to accuracy or completeness. The information provided is not intended to be a complete analysis of every material fact respecting any strategy. The examples presented do not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy. Diversification does not ensure a profit or guarantee against loss. Carefully consider the investment objectives, risks, charges and expenses of the trades referenced in this material before investing.
Asset Allocation and Diversification do not guarantee a profit or protect against a loss.
The Bloomberg Barclays U.S. Aggregate Bond Index measures the investment-grade U.S. dollar-denominated, fixed-rate taxable bond market and includes Treasury securities, government-related and corporate securities, mortgage-backed securities, asset-backed securities and commercial mortgage-backed securities.
The S&P 500 Index is an unmanaged, market value-weighted index of 500 stocks generally representative of the broad stock market.
The MSCI World Index is a broad global equity index that represents large and mid-cap equity performance across 23 developed markets countries and covers approximately 85% of the free float-adjusted market capitalization in each country.
The MSCI Europe Index captures large and mid cap representation across 15 Developed Markets countries in Europe and covers approximately 85% of the free float-adjusted market capitalization across the European Developed Markets equity universe.
The MSCI Emerging Markets Index captures large and mid-cap representation across 26 emerging markets countries and covers approximately 85% of the free float-adjusted market capitalization in each country.
 Source: https://www.nasdaq.com/articles/october-2019-review-and-outlook-2019-11-04
 For more on the importance of trade to the question of global growth, please see: https://blogs.imf.org/2019/10/15/the-world-economy-synchronized-slowdown-precarious-outlook/
Performance Table Sources: