The current equity rally has now crossed the year mark and has continued to show impressive strength. TheS&P 500 is off to a terrific start gaining over 5% during the first quarter. International stocks as measured by the MSCI EAFE index lagged the US markets but were up about 1%. The Barclays Aggregate bond index was up almost 2%. The markets continue to humble us as we wrote only three months ago that returns were going to be more challenging in 2010. So far, returns are plentiful as the bull market recovery marches on. We will see what the rest of the year has in store for the markets.