FYI: Stocks broke their winning streak in the first quarter of the year as volatility returned with a vengeance. Everything from worries about inflation, the threat of trade war with China, and the prospect of new regulations on tech firms drove the market. Against that backdrop, economic data remained upbeat, and the Fed, under new Chair Jerome Powell, moved to raise rates again. The broad-based Morningstar US Market Index was down 0.6% in the quarter but is still up almost 14% over the last 12 months.
Morningstar's analysts have provided in-depth reviews and outlooks across equity sector, fund categories, and private markets. Their takes are below along with quarter-end fund category and index data.
Regards,
Ted
