Investment Recap Second Quarter 2017

Despite the “noise” and confusion emanating from Washington, D.C., US stocks continued their move to record highs in the 2nd quarter.
Winslow stocks trailed the market slightly for the six months, but as of today our All-Cap stocks are ahead 10%, equaling the benchmark return.
We believe that stock market leadership has begun to move from a narrow group of FANG stocks to a broader group of cyclical stocks including financials, industrials and health care companies.  These areas are weighted heavily in our portfolios.
As we start the 3rd quarter, reported earnings have been excellent and the benefits of years of Federal Reserve monetary stimulus continue to reverberate positively throughout the economy.