Month: April 2014

A Long Winter

The first quarter was one marked by rising volatility in the stock market with a correction in January where the S&P 500 pulled back -5.8% and the DJIA pulled back by -7.3%. By the end of March the S&P 500 was up slightly for the year while the DJIA was down slightly for the year. Through this we took the opportunity to capture some of the large profits earned in our equity portfolios over the past two years. With those …