Tech, commodities funds are the biggest winners in first quarter of 2017 in terms of positive flows; 2016 winners, beneficiaries of Trump reflation story, stumble.
While the Fed has gingerly started to hike the Funds Rate, it has created an uncertain challenge to both ends of the yield curve by bringing its swollen balance sheet into the mix.
Energy companies make up a material portion the indexes many advisors mirror, so they need to be wary of the long-term prospects for oil, coal and natural gas.