As expected, December was a very volatile month in the US markets. We saw the biggest point loss in the Dow on a Christmas Eve ever, then we saw the biggest point gain ever on the day after Christmas
The Growth Portfolio took a dip in October, mostly due to some uncertainly about the US midterm elections, which will be held in November (6th). That, added to the trade war situation with China really shook things up a bit. It may calm down towards the end of November once we get the elections out of the way. Who knows if it will rally, or fall depending on if democrats or republicans win the house and/or the senate. Personally I think it will rally back up into the new year. Optimism is high right now, but not quite high enough for a major crash yet (yes, you read correctly, “optimism”, markets typically seem to do the opposite of what people think they will do). If you look to the past, when people are most optimistic is when the biggest crashes happened, when no one was expecting it.
Return figures for September 2018. The Growth Portfolio pulled back a little in August. The markets still have a bit of confusion about the trade wars it seems, plus all this posturing going on in the U.S. about Trump and his team, so things were a little mixed. Pullbacks & drawdowns happen frequently with this ..