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January 4, 2019 

Equity markets in 2018 proved to be a wild ride that took most investors by surprise. The year both began and ended with tremendous market volatility, but investor psychology was starkly different as the year concluded with pessimism and negativity. Equity investors started the year with great hopefulness that the synchronized global economic recovery would continue. Additionally, expectations for earnings and domestic economic growth were being boosted by the recently passed Tax Cuts and Jobs Act. With the $1.5 trillion tax cut and $390 billion in incremental deficit spending, fiscal stimulus drove forecasts of 3% growth for real GDP.

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Trump Insider Chinese Trade Lifts On Company Ban Business Phone Click below to listen to this week's Peapack-Gladstone Bank Market Report as heard on WCBS NewsRadio 880.

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