Global Market Summary

Equity and credit markets ended the quarter on a high note, with the S&P 500 and the Barclays Capital Aggregate Bond Index appreciating 5.2% and 2%, respectively. Investors’ appetite for risk assets remained steady in the face of a surprisingly large negative revision to U.S. first-quarter GDP growth, uncertainty surrounding future monetary policy, and political unrest in the Ukraine and the Middle East. During the quarter, the S&P 500 completed...