Financial Markets Commentary 3rd Quarter 2019Submitted by Capital Strategies Financial Corporation on January 30th, 2020
The third quarter of 2019 paled in comparison to the previous two quarters as global weakness and trade fatigue combined to depress returns. Even a widely expected September rate cut could barely elicit a “ho-hum” from investors. While corporate profits once again exceeded expectations for most companies, future guidance was not very encouraging. CEO’s cited trade uncertainty and difficulty finding qualified job applicants as their biggest concerns. This was especially true among smaller companies, who seemed to have had a more difficult time attracting talent than their bigger rivals.