December 2018 Market UpdateSubmitted by Corrigan Financial, Inc on December 31st, 2018
U.S. stocks plummeted over 9% in December and ended down 14% for the quarter. The daily volatility during the quarter was nothing short of remarkable. Market leverage and quantitative trading strategies apparently exacerbated the situation. We saw the worst Christmas Eve decline on record, and it was followed up with the largest one-day point gain in the history of the Dow Industrials.