Newsletter Q1 2013

2013 started where last year left off with the Dow Jones Industrial average booking its best first quarter since 1998. As pundits worried about the impending disaster of going off the “fiscal cliff”, domestic equities raced ahead to produce double-digit returns in the quarter. Mid caps (S&P Mid Cap 400 Index +13.5%) and small caps (S&P Small Cap 600 Index +11.8%) led the way while large caps (the S&P 500 Index +10.6%) were close behind.