The equity markets showed very little conviction during the 2nd quarter, as an array of economic indicators gave mixed signals regarding the economy.
The last three months brought increased market volatility and the first negative quarter for the broad equity markets in over two years.
As Washington debates a new tax plan, companies continue to increase dividend payments to their shareholders.
The 1st quarter brought about signs of change and new hope for a better economy.
The 4th quarter is behind us, but the consequences of the last few months may have a lasting impact on the markets.
We ended the year with consumer confidence on the rise and corporate America feeling good about lower tax rates.
During the 2nd quarter, we saw improvement in corporate cashflow and another good period of increasing dividends.
Dividend increases were harder to come by in the 3rd quarter as the equity markets continued to inch up on less than stellar earnings reports.