QUARTERLY COMMENTARY Q1: PROSPECTIVE PORTFOLIO RETURNS IN A DIMINISHED ECONOMIC GROWTH ENVIRONMENT

QUARTERLY COMMENTARY Q1: PROSPECTIVE PORTFOLIO RETURNS IN A DIMINISHED ECONOMIC GROWTH ENVIRONMENT

Wed, April 15, 2015

Since the days of Tulipmania in the seventeenth century, investors, speculators and pundits have searched for the answers to the question of what ultimately drives financial markets, and it remains so today. Is it investor sentiment, government policy, geopolitics, economic expectations, or the corporate earnings outlook? Or is it a combination of all of these?