Weekly Investment Update October 26, 2018
October 29, 2018
U.S. stocks suffered another leg down in their October selloff this week, setting up this month to be one of the worst for the major indexes in years. Equities have been dragged down due to a number of factors in recent weeks. The S&P 500 fell 3.9% while the tech heavy NASDAQ retreated by 3.8%.
While 2017 was characterized by an unprecedented lack of volatility, that paradigm seems to have changed in 2018.
In more positive news, significant consumer and government spending boosted economic growth in the third quarter.
If you would like to learn more about these financial developments, click here to read our entire weekly financial update.
Interested in learning more about the economic outlook for the rest of 2018 and beyond? Join us on November 1st for our webinar, "2019 Economic Outlook and Market Strategy." ATG Trust's guest speaker Richard J. Milton and our Vice President of Investments, Christopher LaPorta will discuss current portfolio positioning, the investment outlook for the next 6-12 months, and the rationale for the recommendations. Sign up today!