Portfolio Commentary – 1st Quarter 2016

The beginning of 2016 started harshly with global markets dropping over 11% through the middle of February (MSCI All Country World Index), but rebounded sharply in March finishing the quarter about even.  This bumpy performance moved in sync with the price of oil throughout the quarter.  This relationship seems unusual given that the largest economies in the world are net importers of oil…

Portfolio Commentary – 1st Quarter 2016