powerpoint presentation€¦ · corporate bond market’s setbacks have been painful and out of...
TRANSCRIPT
“Emily (the yellow rose)
may have inspired the
song, but investors are looking for a
few assets classes to
motivate them in 2019.”
(800)
(600)
(400)
(200)
0
200
400
600
-15%
-10%
-5%
0%
5%
10%
15%
2000Q1 2003Q4 2007Q3 2011Q2 2015Q1 2018Q4
-10.0%
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
U.S. Treasury Aa Credit A Credit Baa Credit U.S. MBS CMBS ABS Ba Credit B Credit Caa Credit High Yield Aggregate
4Q2018 YTD 2018
-20.0% -16.0% -12.0% -8.0% -4.0% 0.0%
S&P 500
Russell 3000
Russell 1000
Russell 1000 Growth
Russell 1000 Value
Russell Midcap
Russell Midcap Growth
Russell Midcap Value
YTD 2018 4Q2018
“The corporate
bond market’s setbacks have been painful
and out of character for
this long-lasting bull
market.”
“Housing is able to
provide a useful look
on the business
cycle.”
“Rose” from page 2
“…historically large changes
in real oil prices lead changes in Texas job growth by about six months.”
“…uncertainty sentiment
drivers have a fair amount of influence on stock price
volatility and reduced
investments in infrastructure construction.”
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