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Q4 2019 FWA Investment Commentary

| January 13, 2020
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Investors More Optimistic in Q4

2019 was a strong year for equity and bond markets in the midst of bullish and bearish crosswinds.  In Q4, investors appeared to have become more optimistic on U.S.-China trade negotiations with an anticipation of global economic stabilization in the new year, but the 2020 U.S. elections may increase investors’ uncertainty as the year progresses.  In the Q4 Quarterly Investment Commentary, the FWA Investment Committee goes into greater detail to provide prospective on the markets and dive into what may be on the horizon for investors as we enter the new year.

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