Where is Spring?
With only a couple of exceptions, spring 2018 has been quite cold here in CT. As I write this newsletter, I’m watching snow falling here in Goshen. Temperatures have consistently been in 30’s and low 40’s, which is a bit depressing. It was a long and snowy winter, so I admit to being a bit impatient for the change. I hope you all made it through the winter in good health and we wish you a pleasant and safe start to the warmer weather of spring.
John, our new hire last March, just celebrated his one-year anniversary, so, I guess I shouldn’t refer to him as “new” anymore. John has learned much about the financial planning process. He is diligently working to help build our collective business. We enjoy working together and our new office dynamic. Our business has grown, and we look forward to continuing our work with existing clients and bringing new ones into the mix. We have much to be thankful for.
Last Quarter Round Up
The first quarter of 2018 marked the first negative quarter after nine consecutive positive quarters. U.S. stocks as represented by the S&P 500 index were down -0.76% for the quarter. Global stocks ex-US were down -1.33% for the quarter. Emerging market stocks were the only positive region up +1.28% for the quarter. Bonds were also down with the Barclays aggregate index at -1.46% for the quarter. Short-term US treasuries were up +0.34%, likely a result of being considered a safe-haven from the sale of riskier assets.