Keep Calm and Carry On
As of November 20th, the U.S. stock market is flat year-to-date, having given up all gains for the year. The story for foreign stock markets is worse, down double-digits for the year. After one of the calmest years on record in 2017, this year has seen volatility return with a vengeance with two market declines greater than 10% from a previous market high.