This was the somewhat rare quarter in which even small differences in portfolio size, asset allocations, and the timing of cash flows translated into meaningful differences in returns. And while house-hold name darling stocks continued to lag, the long-unloved sectors propped up the broad market averages.
This link is to a PDF containing our Q1 2021 Market Recap, Performance Review and Near-term Outlook. This Recap incorporates a broad review of global markets, and a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.
As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients. Until then, be well, enjoy your week, and thank you!
A.J. Walker, CFA CFP® CIMA®
Founder, President, and CEO
Lake Jericho, LLC