Wall Street entered correction territory in late January and was challenged for much of 2018 by tariff jitters, rising interest rates, and fears of diminishing corporate profits. "Investors got complacent," said Thomas Martin, senior portfolio manager at Globalt Investments in Atlanta. "People were positioned for the lack of volatility, and when that changed because of trade concerns and interest rates, people started repositioning and that started the cascade." December was a particularly trying month for U.S. equities.
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