To help understand where we’re going, we always study the past. 2018 was a year characterized by stress and volatility. In many ways, it was the complete opposite of 2017. That didn’t mean there wasn’t stress in 2017; there was. But the Market ignored growing risks that year, both politically and geopolitically, as the Stock Market experienced unabated growth. That came to a crashing end in 2018, however the declines came after an unusually strong January.
To read the complete Bedell Frazier Winter Newsletter, please click here.