QUARTERLY COMMENTARY Q1: FIRST QUARTER REVIEW

QUARTERLY COMMENTARY Q1: FIRST QUARTER REVIEW

Sun, April 01, 2018

The first quarter was turbulent, with the widespread exuberance of January replaced by a more uncertain outlook in February and March. Optimism about the global economy abounded in January, and individual investors were instrumental in driving U.S. equities to new records. Market momentum abruptly turned negative in early February, as inflation concerns and the collapse of some low volatility strategies led to a market correction.