The Broadleaf Growth Equity Portfolio (BGEP) posted a full year return of 40.4%, well ahead of strong gains posted by the S&P 500.  (This comes after last year’s strong results, in which the BGEP was also up in a down year for the S&P 500.)

Is a new all-time high reason to be cautious or confirmation that the economy is on stable ground?

For the rest of our thoughts on the quarter and our investment outlook, please click on the following link: Fourth Quarter 2019 Performance Commentary and Review.