What a difference a month can make. In a newsletter we sent out last month to clients we counseled investors not to overreact after the market staggered to the finish line in 2018. As we approached year-end 2018, discussion in the financial press of a coming recession in 2019 was on the upswing. No surprise there: The lack of a trade deal with China, the partial government shutdown, and the general dysfunctions in Washington provided a dark back ground. Add in another interest rate hike by the Fed and talk of continued unwinding of the Fed’s balance sheet, and the market revolted. We saw numerical proof of investors’ bad mood in the January preliminary consumer sentiment. Setting the Fed