Sage Advice Quarterly Market Review 1Q2007

The opening quarter of 2007 was a volatile one, as a host of concerns emerged that led to a sharp, albeit temporary re-pricing in both the equity and fixed markets. A 10% correction in the Chinese equity markets toward the end of February sparked the action, but it was concerns over the extent of the subprime mortgage crisis that provided the follow-thru, weighing on equities and pushing longer-dated Treasury yields lower.