Fairport in Fifteen – April 2018

A lot has unfolded that we weren’t necessarily talking about back in January. We were quite positive at that time – pointing out accelerating global growth, strong S&P earnings, moderate inflation and global central banks still running stimulative monetary policies. Yet sitting here in April, volatility has reemerged, there’s a trade war brewing and the equity markets took a 10% hit during the quarter. Has everything changed? Or has nothing changed at all?