Monthly Archives February 2018
Greetings, Global capital markets continued their amazing advance in the fourth quarter of 2017. The S&P 500 Index, a proxy for the US equity markets, was up +6.18% for the fourth quarter, and that Index has now delivered a record fourteen consecutive months of positive returns. A synchronized global economic expansion fueled market optimism, and U.S. markets cheered the U.S. Tax Reform Bill passed by Congress, and signed by President Trump just prior to the Christmas holiday. Unlike the previous three quarters of 2017, the U.S. equity markets weren’t the best performing equity markets in the quarter ending December 31st.