From the Desk of the Investment Policy Committee: 2020 Outlook

Everything in Moderation

Despite a variety of geopolitical issues, 2019 was a banner year for stocks. Some investors are questioning if the rally can continue. Don’t stock returns have to revert to the mean? Are we due a pullback just because of how far the market has climbed? Maybe…, but not necessarily. In the past 50 years, the S&P 500 has risen by more than 20% 17 times before 2019. In the year following those 17 years, the market was up 12 times and down 5 times with an overall average return of 11.52%. Last year’s great returns do not automatically mean gloom for 2020.


Contact Raymond with your questions.


Read the article


We're ready to assist you

If you are looking ahead to how you can best invest your money for the future, our advisors would be happy to talk with you.

Contact us today