Let’s begin with a recap of Q1 2014. There are five major asset classes that MCS follows on a daily basis and will report on; Equities, Bonds, Commodities, Currencies and Real Estate.
The world economics have not improved nor have the US markets. Currently, the distortion of the US Equity Market compared with Global Markets is being reduced by the withdraw of QE.
Equity Markets: Major US Market Indexes are flat for Q1, International Indexes are slightly up, flat or down, and Emerging Markets are down roughly 4-5%.
Bonds: Sovereign Debt is flat, US Short Term Bonds are down significantly, Intermediate to Long Term Bonds are up slightly, Corporate Bonds are flat.
Commodities: Gold is up approximately 3% in Q1 and Energy is flat.
Currencies: have been volatile but are currently flat for the quarter including the US Dollar, Japanese Yen, and the Euro.