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News and Insights

News and Insights » UMAFS Market Review Week Ending 3/24/2017

UMAFS Market Review Week Ending 3/24/2017
 
U.S. equities trended lower last week as markets priced in House Republicans’ struggle to schedule a health-care vote. Another reminder that political risk continues to be a short-term driving force within U.S. markets. Much of what we have seen in the market over the last six months can be credited to political winds of both positive and negative views of the new Trump administration.

The current U.S. equity rally, that began last November, appears to have motivated by two factors. The first phase was driven by traders believing Washington’s policies would shift towards fiscal stimulus. The second phase, which began to gain strength in February, has been driven by large-cap technology stocks. With political winds ever shifting, we echo the importance of a diversified approach to investing.  

In fact, overseas both European and Emerging markets continue to show signs of further strength in the wake of continued economic growth. Year to date, the Russell Emerging Markets index is up nearly 12.5% (which is nearly 7% higher than the S&P 500’s gains year to date).

Finally, with the April’s tax filing deadline right around the corner, remember that 2016 IRA and Roth IRA contributions can still be make until the filling deadline. The 2016 limit is $5,500 for those under 50 and $6,500 for those 50 years and older. Please contact our office if you have any questions. 

March 28th, 2017 @ 12:00am by UMAFS
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