2017 Quarter 1 Review: Macro Series
First Quarter Summary and Commentary
The first quarter began with a continuation of the “Trump Trade” as stock prices rose to all-time highs on investor hopes for tax reform, infrastructure spending, and deregulation. The S&P 500 Index had its biggest quarterly gain since the end of 2015. However, stocks in the U.S. and around the world ended a very strong first quarter with a whimper as investors wavered amid political and economic uncertainty.
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