Private Wealth Management Quarterly Update
The patterns from 2015 carried into the first quarter of 2016 – the U.S. continued to grind ahead while concerns for China rattled financial markets. Central bank meetings were high-profile but monetary policies stayed investor-friendly. These familiar issues again triggered market volatility. However, contrary to 2015, the market swings were packed into three brief months. The sharp fluctuations were reflected in virtually every asset class.
“The more things change, the more they stay the same.”
After dropping early in the quarter, the global equity markets reversed course and recovered, but to differing degrees. U.S. and emerging market equities reached positive territory, particularly value stocks, while developed international equities lagged. However, U.S. fixed income outshone equities since anxious global investors rushed into Treasury securities.
Click on the following link to view the full version of the Quarterly Update for First Quarter, 2016.