Tumultuous Month Ends Year in the Red

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Voya Multi-Asset Perspectives

Risk assets sold off markedly during December and the rates markets have fully repriced Federal Reserve rate hikes out of the market for all of 2019. The United States led the charge lower as many global equity markets nursed losses during the year. Among the causes of weakness were economic deceleration in the U.S., weak data from China, trade geopolitics and the ongoing partial U.S. government shutdown