In the first half of 2019, the uncertainty surrounding Federal Reserve policy and US-China trade negotiations affected the outlook for all asset classes including global small-cap stocks.
Current US economic expansion now 121 consecutive months
US equities began 2019 with a welcome respite, reversing course from their downward spiral in December 2018.
Trade, inflation, slow growth and yield curve to blame
Financial markets became scared at the end of last year that the US Federal Reserve's monetary tightening could precipitate the country's economy into recession.