Monthly Market Overview - December 2018
12.20.2018
November revisited the extreme equity market volatility of the previous month with the Russell 2000 small cap index down well over 10% from peak, and Treasury rates fell as markets were anticipating economic slowing in the coming year. Oil prices continued to fall, with WTI below $50 per barrel, and investment grade corporate spreads widened another 20 basis points against the backdrop of low liquidity and leverage concerns.