Monday marks the last trading day of the first quarter of 2014. The first three months of market action this year have been anything but similar to the first three months of 2013. In the first quarter last year, the S&P 500 Index returned over 10%. Before trading on Monday, the first quarter return in 2014 equals about .5%. As the below chart shows, January saw some profit taking after strong returns in 2013. The S&P 500 Index recovered the January losses in February and proceeded to generate positive returns in March. However, as the below chart shows, the market is near breakeven for the quarter.
|From The Blog of HORAN Capital Advisors|
A number of article links in this week's magazine highlight economic data, both in the U.S. and in the euro zone, that indicates the global economic environment has stabilized and is growing moderately.
Below is the link to this week's magazine.