What a difference a year makes! Unlike last year, there was no lump of coal in investors’ stockings in 2019. Instead most got a pot of gold. It was a difficult year to lose money, as virtually all asset classes ended the year with a profit a total reversal from 2018 when the Grinch left investors with a big lump of coal.
Tradition Asset Management welcomes Diane L. Sobin to firm as a Managing Director and a member of Tradition;s Investment Committee. She highly enthusiastic and knowledgeable about integrating Environmental, Social and Governance (ESG) factors to clients' portfolios.
Financial markets experienced a bountiful decade for stocks and bonds, as a low rate environment fostered by the Federal Reserve and technological advances driven by innovation, catapulted values higher. The 2010 decade was the first decade to avoid a domestic economic recession, with accelerated growth in various sectors including technology, healthcare, and industrials.