01 Apr 2005 Inflation and Oil Dominated the First Quarter
Posted at 15:23h in The Friday BriefThe market’s bounce in February was not enough to overcome the declines in January and March sending all of the major equity indices down for the quarter. The Dow Jones Industrials and the S&P 500 each declined 2.1% while the NASDAQ fell almost 8%. Bond indices didn’t fare much better as the Lehman 1-3 Year, the 7-10 Year, and the 20 Plus Year indices declined by .3%, .9%, and 1.6%, respectively. Our models performed in line with their respective benchmarks for the quarter.