Skip to Content
Quarter-End Insights

First-Quarter Market Insights in 8 Charts

Our market commentary covers the lasting impact of the Trump Administration’s trade policies, the rise of SPACs, and more.

U.S. equity markets surged higher in the first quarter of the year, riding the wave of larger-than-expected fiscal stimulus and progress on coronavirus vaccine distribution. Together, the second and third rounds of stimulus ($900 billion in the fourth quarter of 2020 and the $1.9 trillion relief package signed in March) add up to about 14% of U.S. gross domestic product--a level of spending that is unprecedented in U.S. history.

Even amid raised volatility, U.S. equity markets finished their strongest month since November. Value funds outperformed growth in both February and March, with February’s margin being the largest for value in 10 years. Meanwhile, even with easy-money commitments from the Federal Reserve, latent expectations rose for inflation, leading to losses in interest-rate-sensitive corners of the market.

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.

We’d like to share more about how we work and what drives our day-to-day business.

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

How we use your information depends on the product and service that you use and your relationship with us. We may use it to:

  • Verify your identity, personalize the content you receive, or create and administer your account.
  • Provide specific products and services to you, such as portfolio management or data aggregation.
  • Develop and improve features of our offerings.
  • Gear advertisements and other marketing efforts towards your interests.

To learn more about how we handle and protect your data, visit our privacy center.

Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.