Investment Review - May 2016
- In April, the Dow Jones Industrial Average was up 0.6%, the Nasdaq Composite dropped 1.4% and the S&P 500 dipped 0.3%.
- Oil markets rose 20% or more in April. Non-OPEC output is set to mark its biggest decline in around 20 years, spurring the most sustained rally in prices since the oil slump started.
- The dollar has backed off from 12-year highs reached in November against a basket of other major currencies. U.S. multinational companies have found some measure of relief from the dollar’s decline, and analysts have begun raising earnings per share estimates for the year ahead.
* This commentary reflects the opinions of Welch & Forbes based on information that we believe to be reliable. It is intended for informational purposes only, and not to suggest any specific performance or results, nor should it be considered investment, financial, tax or other professional advice. It is not an offer or solicitation.
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