This May 2016 video from our Capital Perspectives series discusses how the first three months of the year were not for the faint of heart, with the market down 12% before it managed to recover and close up 1.5%. Earnings reports were satisfactory, but economic data came in barely above a whisper at 0.5%. And while stock markets were positive in April, we’re skeptical about the Fed’s expectations for rate hikes through year-end—as well as how much stock market prices reflect those expectations.

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