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Markets & Economy

The Economy: March 2017

THE ECONOMY: As of March 2017

U.S. stock markets were little changed in March with the S&P 500 up just 0.12% and the small cap Russell 2000 about the same, registering a 0.13% gain. The Federal Reserve’s interest rate increase coupled with the White House’s failure to get new healthcare legislation passed tempered investor’s enthusiasm for equities, especially after such a strong rally over the past three months. Market participants will now likely shift their attention toward potential corporate tax reform. Despite muted U.S. returns, international markets continued their ascent. International developed and emerging markets were up 2.75% and 2.52% for the month. Bond yields have been relatively range bound, with the 10 year treasury yield oscillating between 2.40% and 2.60%.