Investment Insight Addendum
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:
Economic and Market Overview
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.
Fixed Income Commentary
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.
Equity Commentary
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.