CAPTRUST Chief Investment Officer
Riskier asset classes have experienced a sharp decline following a strong first quarter. Global capital markets continue to digest acute short term issues, most notably news flow out of Europe, while anticipating developments later in the year, including uncertainty around U.S. tax policy and potential government spending cuts. These issues are enveloped by data that suggest growth is slowing across Europe, Emerging Markets and the United States. We remind investors to avoid making reactionary decisions based solely on price action, but we acknowledge that recent market developments bear consideration. The global economy remains in recovery mode post the 2008-09 Financial Crisis, and Clients should anticipate more ebbs and flows as markets continue to adjust to new economic paradigms for businesses, consumers and governments.
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