To call the past half-decade of domestic equity markets gains robust is assuredly an understatement, with such a strong and even-tempered march higher rare to uniqueness in history. The centers of investor attention, global central banks maintain steady and resolute control over modest shifts in monetary policy, while global macroeconomic dynamics remain firmly on the side of positive. Investors seem devoid of undue stress that errors in judgement or errant drifts from trend will disrupt the present lack of tension. Still, with caution sourced from history fraught with storms succeeded by such calm, we’ll note that the future holds equivalent potential to delight and disappoint. While we welcome a new year already off to a strong start, we will remain vigilant of shifts relevant to our portfolio positioning and offer the friendly reminder that peace and patience with market exposure is unique to the individual and well-worth regular revisits with trusted advisors.
Q417 SRCM Market Review