First Quarter Review
Enthusiasm characterized the feelings pertaining to the U.S. economy as the year began. This enthusiasm was reflected in the increased estimates for first quarter GDP implemented by numerous economists over the three-month period.
Surging Oil Prices Pull Treasury Yields Higher
Core bonds finished the first quarter with a modest loss of -0.5%. Rising yields, driven by renewed inflation concerns from the U.S.
Quarter in Review
It appears equity investors were dealt another risk card during the first quarter 2026. Last year “Liberation Day” increased uncertainty and permeated various aspects affecting the markets, fiscal and monetary policy, impact on inflation, the consumer, etc.
