MRPLS17Q3OFC175x227Slow Ride

Sometime around Cinco de Mayo, the second quarter 2017 skipped second gear, dropping from third to first. With school letting out, graduations, and early summer vacations, market activity predictably slows down by June, but this version of May and June felt like May and June 2009. It is too early to call it a trend, but market activity is in low gear.