Dear friends of Arcus Capital Partners,
We hope this letter finds you well and that you are having a great start to the year. The beginning of 2019 turned out to be starkly different from the end of 2018. After dropping into bear market territory in late-2018, global equities rebounded sharply on the back of improved sentiment. Interest rates stayed near their recent lows as global growth remained sluggish and many central banks reversed prior plans for tighter monetary policy. Lastly, commodities rallied on the belief that a US-China trade deal would materialize and lead to firmer economic conditions in 2019. Overall, the first quarter did not disappoint and helped mend much of the damage inflicted last year.