Quarter One 2017 Commentary

Unlike the last quarter of 2016 and a market moving election surprise, quarter one’s market moving news was downright mundane. The stock market just rolled along, ending the first quarter solidly in positive territory.

It was a particularly strong quarter for international stocks, flying in the face of negative predictions earlier in the year, international stocks closed the quarter up +7.9%, as measured by the MSCI-EFFA index. US stocks also posted strong gains, the Dow Jones Industrial Average up +4.6% and the Standard and Poor’s 500 up +5.5%.

All-in-all a positive consensus permeated the first quarter with US consumer confidence reaching a 16-year high. New job growth slowed but overall employment remained strong. The second quarter will bring first quarter earnings and a possible Fed rate hike in June. Another rate hike has already largely been built into the market and would be welcome news to fixed income investors.

Reduce unwanted mailings & phone calls and help protect your identity from theft at the same time.

Would you like to receive fewer annoying phone calls?

Register your phone number on the Federal Trade Commission National Do Not Call Registry by calling toll free, 1-888-382-1222, or visit, www.donotcall.gov.

Would you like to receive less junk mail?

Take advantage of the Consumer Credit Reporting Industry’s free Opt-Out Program by calling toll free,

1-888-5-OPTOUT (1-888-567-8688), or visit, www.optoutprescreen.com.

If you find yourself a victim of identity theft, please visit FTC/GOV/IDTHEFT, call 877-ID-THEFT or call us and we will direct you to some helpful resources.


“The four most dangerous words in investing are: ‘this time it’s different.'”

                                                                                                              – Sir John Templeton