April 2016 image
Dear Clients and Friends, April was a month which saw most global markets continue to rebound off their February lows. It was also a very newsworthy month where the Doha meeting failed to agree to terms on oil production cuts mainly due to Saudi Arabia's fixation on Iran, Brazil started the impeachment process of Dilma Rouseff and the Fed maintained it's current interest rate policy while leaving the door open for a June increase. As you can see from the images below, P/E ratios for the S&P are still climbing, mainly as a result from falling profits. The Atlanta Federal Reserve maintains a forecasting model for GDP which they update regularly. The most recent forecast expected GDP for Q1 to be ...
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