After all was said and done, more was said than done in the first ten weeks of the Trump presidency. Despite initial setbacks to his travel ban, Supreme Court nomination, and plans to repeal and replace ObamaCare, investors have not thrown in the towel on substantive tax reform, regulatory relief and health care reform. The economy continued to improve during the first quarter, with Consumer Confidence hitting a 16-year high, Jobless Claims posting the lowest read since 1973, and the Dow Jones Industrial Average climbing higher. The US economy and stock market are arguably on better footing than they were eight years ago when the current bull market started. And, while expectations for continued growth are high, we believe evaluations are full but not stretched. The remainder of 2017 will face plenty of hurdles, not least of which will be the Federal Reserve winding down its holdings of securities and the potential for numerous interest rate increases. Regardless, we trust the underlying strength of the economy.
The Saratoga Large Cap Growth Portfolio posted positive performance for the quarter, benefitting from holdings in the Industrial and Health Care sectors, while stock selection in the Consumer Discretionary and Financials sectors detracted from performance.
Information contained herein was obtained from recognized statistical services and other sources believed to be reliable and we therefore cannot make any representation as to its completeness or accuracy. Any statements not of a factual nature constitute opinions which are subject to change without notice.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Saratoga Advantage Trust mutual funds. This and other important information about the Saratoga Advantage Trust's funds is contained in the prospectus, which can be obtained by clicking here, or by calling (800) 807-FUND, and which should be read carefully before investing. The Saratoga Advantage Trust's funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Saratoga Capital Management, LLC is not affiliated with Northern Lights Distributors, LLC. 1/16 © Saratoga Capital Management, LLC; All Rights Reserved.