October 11, 2018 – Market Update
The S&P 500 has now pulled back about 7.2% from its recent peak. What’s happening? Our take is that markets have been coping with several macroeconomic overhangs (Italy, US-China trade, rising interest rates, and wage inflation) for weeks. But, corporate earnings reports had been strong enough to assuage concerns for quite a while. Recently, however,… Read More