QUARTERLY COMMENTARY Q1: FIRST QUARTER REVIEW

QUARTERLY COMMENTARY Q1: FIRST QUARTER REVIEW

Wed, April 12, 2017

Equity markets extended post-election gains during Q1, helped by positive economic indicators and expectations for rising earnings growth. The earnings recession is over; recovery of 8-10% is underway. Enthusiasm about the synchronized global economic recovery helped investors overcome disappointment that tax reform and infrastructure spending plans didn’t materialize in the initial 70 days of the Trump presidency.