March 2016 – Economic Review
U.S. stock markets continued their upward surge begun in mid-February, bringing large-cap stocks into positive territory.
Emerging market stocks soared as central bankers pledged to continue easy-money policies. Brazilian stocks raced upward following the arrest of a former president. Brazil remained mired in a recession and political scandal emanating from bribery allegations involving Petrobras. Emerging market economies go as commodities go, and investors poured money back into commodities following reassurances from the Fed and European Central Bank (ECB) that tightening measures were not part of near-term plans.
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In this issue:
- Eurozone Growth and Spending
- Commodity Prices Rebound
- ECB Balance Sheet
- Market Returns as of March 31, 2016