Market Performance Overview
- Domestic equities took a breather, with the S&P 500 losing -0.8% in the first quarter of the year.
- Forward Price-to-Earnings ratios for U.S. equities moved lower due to strong analyst estimates and the moderate market pullback.
- Foreign equities saw mixed results, as developed markets were down -1.4% and emerging markets were up 1.5%.
- Domestic bonds were negative and will continue to face headwinds in 2018 due to expected future rate increases.