As we pass the midpoint of the year, trade wars and tariffs continue to dominate the headlines. These most recent efforts by President Trump to make America great again through the renegotiation of trading terms with our trading partners has led to not so great returns for foreign stocks.
The 1st quarter of 2018 was notable for the return of volatility in the stock market. After an incredibly long period of tranquility, large daily gyrations were a common occurrence in February and March. The long-awaited correction finally arrived, meaning a pullback in stocks of over 10% from previous highs.
I couldn’t help but to think of the Sonny and Cher classic “The Beat Goes On” last week as I booted up my workstation for the umpteenth time this year to find stocks up to start the day. More often than not, they have finished the day higher as well, with new highs being a regular occurrence of late.