Market Digest          
5.24.17          
OBSERVATIONS
Remembering Our Fallen Heroes. Memorial Day 2017.
At New Market Wealth Management, we know Memorial Day is more than a day for Bar-B-Que's and mattress sales. Unfortunately, many traditions have been lost over the years, and some Americans may not know the true meaning of the day. Outlined below are some facts and traditions of the day, and ways you can pay your respects this coming weekend to those brave heroes who have died serving our nation in times of war. 



MARKET UPDATE
The expanding controversy surrounding possible ties of the Trump administration to the Russian government spilled into Wall Street last week resulting in a considerable spike in volatility on Wednesday.  The Dow and S&P 500 suffered their worst losses since September and the Nasdaq had losses not seen since the Brexit vote last June. Markets partially recovered after a rally on Friday.
Equity Index Returns through May 19_ 2017
Source: Yahoo! Finance
ECONOMIC NEWS
> S&P 500:  On Wednesday (May 17), the S&P 500 Index suffered its biggest one-day drop in nearly a year (-1.8%). Stocks then recovered nicely Thursday and Friday to end the week with only a modest loss. As hard as it is to believe, the index is still less than 1% off its all-time closing high.

S_P 500 YTD Closing High

> Bond Yields:  The yield curve flattened over the first quarter of 2017. Longer-term Treasury yields fell, as investors bought bonds, having become increasingly skeptical about the Trump administration's ability to enact the expansionary policies that markets had priced in during the fourth quarter of 2016. 
Bond Yields_ Current vs Year End
  
NEW MARKETS. NEW ADVICE.
New Market Wealth Management offers modern investment solutions backed by extensive research and experience serving the needs of wealthy families. Through our strategic partnership with Cliffwater LLC , we provide institutional-quality research, investment due diligence and asset allocation tools. We believe this level of experience and unique access to in-depth, sophisticated research are essential for success in today's complex world markets.

New Market Wealth Management
(657) 900-1899