State of the Markets
What is driving the Market? Oil? Politics? Federal Reserve’s actions? Specific events matter far less than trends in economic and market conditions in determining market performance.
2016 started out with one of the worst performance months on record. Market, as measured by the S&P 500 Index, went down from day one. Dramatically proving the possibility of upside, by the end of the quarter, the market staged a dramatic recovery. The US market as measured by the S&P 500 Index had a total return – which includes reinvested dividends – of 1.35%.