Weekly Commentary | January 3, 2020

Macro Picture

Stocks ended the year on a bright note adding three-quarters of a percent to the YTD gains.  The S&P 500 finished the year up 16.26% with the Dow Jones up 7.25% and the Nasdaq up a whopping 43.64%.  Midcaps were up 11.95% and small caps, which finished down on the week, were up 18.49% on the year.

Despite some wrangling, President Trump sign…