Market Review: Celebrating 2019 and Looking Forward to 2020
January 7, 2020
2019 was a historic year for balanced portfolios but what goes up must come down, right? History shows that is not necessarily true.
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The market is off to its best start since 1997. Stocks and bonds continue to climb the wall of worry and there are risks out there.
Municipal bonds, typically a worry-free part of a portfolio, have seen some price movement to the negative as part of the market volatility. That has subsided quite a bit, but new worries have crept up about municipalities with the talk of state bankruptcy potential. How should you think about municipal bonds going forward?
