By Tyler J. Pullen, CFA

A down quarter is never good, but the 1st quarter’s -2% drop in the S&P 500 Index seems to have caught more attention than usual. The dramatic break in the tranquility of the market’s earlier ascent has a lot to do with this recent attention. With that said, while the index returns were not that troubling on an aggregate basis, only two of the ten sectors within the index posted positive price results as the traditional safe-havens like Utilities and REITs were pressured by higher interest rates.