In the recently released Q1 2021 Investment Insight newsletter, we commented that no changes were being made to the asset allocations being utilized across client portfolios.
In this issue:
Hitting on All Cylinders
With the recent one-year anniversary of the equity market indices’ pandemic driven lows, it seems appropriate to review what has transpired since that momentous event.
The Worst Is Behind Us
Bond markets posted a decline of 3.4% this quarter – their worst return since 1981, as the 10-year U.S. Treasury climbed to a 1.7% yield from 0.9% at year-end.
Standard & Poor’s 500 (S&P 500) Index’s first quarter 2021 performance of 5.8% has contributed to the index being up 19% from its pre-pandemic peak. This is the fourth consecutive quarter of positive performance for U.S.