Stocks posted a strong first quarter. While shy of last year’s 12% first quarter gain, the S&P 500 Index’s 10% gain seen this year reflects very strong performance. Consistent with the powerful gains for stocks, bond yields and oil prices also rose in the quarter. We devote careful study to the economic data to help us assess the outlook for the markets. What about the other way around? Given the average-at-best economic readings during the first quarter, the performance of the stock, bond, and commodity markets begs the question…

To see the rest of the article, please click on the link below:

Message From the Markets