Last quarter we reported to you that investors
turned decidedly bullish toward equities
after the U.S. election. That trend continued
in the first quarter of 2017, with the
S&P 500 Index hitting an all-time high of
2395.96 on March 1, immediately following
President Trump’s conciliatory speech to
Congress. That represented a 12% advance
in the Index from pre-election levels. The
Index closed the quarter off the all-time high,
at 2362.72, as investors re-evaluated the
probability of President Trump and Congress’
ability to deliver on tax cuts and increased
federal spending on infrastructure. The S&P
500 returned a very strong 6.07% in the first
quarter—the sixth consecutive quarter of
positive returns for the Index.
In Chinese philosophy, yin and yang describe how seemingly opposite or contrary forces may actually be complementary, interconnected, and how they may give rise to each other as they interrelate. The U.S. has entered a period where proposed policy or political risks, the "yin" have moved to the forefront in driving market volatility, the "yang."
Read the
Q1 Retirement Market Recap to learn more about the "yin and yang" forces affecting the U.S. market performance, and also review tips on "Understanding Your Retirement Plan Fee Methodology".
If you have any questions, or would like to begin talking to a retirement plan advisor, please get in touch by calling (855) 882-9177 or e-mail us at sbs@hanys.org.
