Axioma Insight™ Quarterly Risk Review
Stocks around the globe extended their post-election rally into the first quarter of 2017. Prospects of tax cuts and increased government spending, together with strong economic signals in the US, drove investors’ optimism up and pushed US benchmarks to fresh records. Most notably, the Dow Jones Industrial Average exceeded the 20,000 milestone in January and topped 21,000 in March, while the S&P 500 posted its largest quarterly gain since the end of 2015.
Author: Olivier d’Assier, Managing Director, APAC