Summary

We will remember 2018 as the year that stocks finally corrected and that bonds outpaced other investments, despite the Fed’s drumbeat of increasing interest rates. We will also remember it as a year of struggle for trade, Brexit, and a slowing Chinese economy.

What does this mean for 2019? As regular readers are well aware, we are loathe to predict the future and we don’t pay much attention to people who claim that they can. Let’s just say that our economies have a high probability of growing and our investments have a high probability of reflecting that growth over the long-term.

We hope this finds you looking forward to the challenges and rewards that 2019 will inevitably hold and we certainly look forward to working with you in the New Year.

Thank you for the trust you have placed in Vista.

Your Vista Wealth Management Team


Source of all charts and data: Morningstar Direct
Economic data is from BCA Research, Dow Jones, and The Economist Newspaper Limited.

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