Q1 2016 Market Review
The first quarter of 2016 was reminiscent of a roller coaster ride at an amusement park with stocks down almost 10% in the first six weeks of the year only to finish the quarter with slightly positive returns (See chart: S&P 500® Performance). For the quarter, the S&P 500 Index eked out a small gain of 1.35%, but the Russell 2000® Index and the NASDAQ Composite declined 1.52% and 2.43%, respectively. Higher yielding stocks performed extremely well with the S&P 500 utilities and telecommunications sectors up over 15% for the quarter. Emerging market stocks also were particularly strong after a difficult 2015 with the MSCI Emerging Markets Index up 5.71%.