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Markets & Economy

The Economy: May 2017

THE ECONOMY: As of May 2017

International stock markets continued their solid performance in May, buoyed by an improving European economy and favorable results in the recent French presidential election. The MSCI EAFE Index was up 3.67 percent for the month and has gained an impressive 14.01 percent for the year. Though the political environment here in the U.S. is rather hectic presently, it hasn’t put a damper on financial markets. The S&P 500 rose 1.41 percent in May and is up 8.66 percent year-to-date. More important than any news out of Washington is the fact that companies are enjoying solid earnings growth. With most of the first quarter data reported, it looks like this was the best yearly increase in profits since 2011.