SDS - Stocks Are Not Out Of The Woods
The final quarter of 2018 was an ugly time for the stock market in the U.S. The E-Mini S&P 500 futures contract traded to a high at 2944.75 during the first week of October, and by the end of December, it had declined to a low at 2316.75, a drop of 21.33%. The correction in the stock market caused more than a little concern from market participants across all asset classes.
Stocks fell as the U.S. Federal Reserve continued to hike short-term interest rates. In December the Fed increased the Fed Funds rate for the