Market Commentary March 31, 2017Submitted by Stokes Capital Advisors, LLC on July 19th, 2017
Quarterly Market Review
Markets continued their rally in the first quarter with new record highs put in for several of the broader U.S. equity indices. The renewed emphasis on tax reform as an economic stimulus helped push U.S. stocks to set records for five consecutive sessions—the first time all three major indexes (Dow, S&P 500, and NASDAQ) had done that since January 1992. The Dow hit record highs for 12 consecutive days, something that hadn’t happened since 1987, took a pause, and then powered through the 21k mark following the President’s address before Congress.