January 1, 2021
As 2018 was the worst year for financial markets in 45 years, 2019 was one of the best years on record for all investments.
| EQUITY MARKETS
Equities performed well domestically and internationally. The S&P 500 rose 9.1% in the fourth quarter to finish the year up 31.5%. Equities in developed international markets were up 8.2% for the quarter and 22.0% for the year, and emerging market equities were up 11.8% for the quarter and 18.4% for the year.
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