The first quarter of 2017 started off strong. Auto sales in the US set a record and overall global stock market performance was positive. Housing prices climbed to a 10-year high point and US consumer confidence reached its highest level since 2000. All good things.
The global bond market experienced a slight dip, however. Major headlines included the British Pound dropping to a 31-year low against the Dollar, as the UK set the historic Brexit process in motion. The US federal reserve also raised interest rates.
Let Us Catch you Up
If you don’t have a lot of time, just check out pages 3 and 4. You’ll see the overall performance of stocks and bonds this quarter on page 3, and page 4 gives you an overview of major news events over the past 3 months.
An outline is included below, but be sure to download a full copy of the quarterly market review summary.
Notable Q1 Headlines
- “Dow Closes above 20,000 for First Time”
- “US Jobless Claims Lowest since March 1973”
- “Eurozone Business Confidence Grows Despite Impending Elections”
- “Fed Raises Interest Rates, Remains on Track to Keep Tightening”
Q1 Index Returns
- US Market +5.74%
- Developed +6.81%
- Emerging +11.44%
- Real Estate +1.44%
- US Bond +0.82%
- Global Bond -0.35%