April 2, 2018

02 Apr '18

Weekly Market Commentary
April 2, 2018

The Markets

Happy Easter everyone! I hope you enjoyed all the chocolate bunnies, little eggs, and candy options this weekend. After a year of slow and steady growth in 2017 the market got off to a roaring start in January only to correct in February essentially canceling off the first month’s gains. The third month of the year was volatile and choppy and ended the month with the negative news on Facebook and accusations from the president towards Amazon. Since these two firms are dominant technology companies they had a big impact on the tech sector as well as the S&P 500. The Dow ended the quarter -2.5% in the S&P was -1.2% so these headline stories definitely affected these two companies and the market in general.

Improving expectations for American companies can be credited, in large part, to tax reform, which lowered corporate tax rates significantly. Despite all of the current turmoil both the US and global economies are expected to continue expanding throughout this year.

Focus on the Positive

“Remember for every minute you are angry with someone, you lose 60 seconds of happiness that you can never get back.” –Will Rogers

By BillSpalding
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