Capital Markets: Observations & Insights
Tech Leads Again Performance
• Technology’s outperformance in 1Q18 was due to solid fundamentals as the sector had a very strong earnings season with the best revenue results relative to expectations*
1Q18 Returns (%)
2017 Returns (%)
Source: FactSet as of 3/31/18. U.S. represented by S&P 500 and World represented by MSCI AC World Index in local currency.*For the 4Q17 earnings season reported in 1Q18 based on the percentage of companies exceeding estimates.
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