The document provides commentary on recent market movements. It notes that while mainstream markets like the S&P 500 and FTSE All Share saw strong gains in 2017, there has been some speculation of an impending correction. Last week, bond markets fell after the US announced increased federal borrowing and payroll data pointed to possible higher interest rates, leading to some profit taking in equities markets. However, the committee believes the overreaction will reverse over time as worldwide economic fundamentals remain positive, and maintaining a diversified approach will help navigate market volatility.