It’s fair to say 2018 didn’t go exactly as planned. True, economic growth and corporate earnings accelerated. But disruptions continuously rankled markets—infl ation fears, a faster Fed, midterm elections and a U.S.-China trade war. The result? Volatility. 2019 could see the reverse. Growth and earnings are expected to moderate, but so are infl ation, trade tensions and the Fed. The end result: investors may be surprised again, only this time to the upside.