Equity and fixed income markets all posted positive gains for the second quarter. Trade concerns between the US and China eased a bit, as did the expectations by the Federal Reserve for interest rate increases. Both of these factors played a role in the markets expanding upon their gains from the first quarter. As always, be sure to look at the last page of the report which shows the power of diversification and the correlation between risk and return over longer periods of time.
We are pleased to present you with the Second Quarter Market Review. The report shows the effects of a diversified portfolio over a longer period of time as well as the performance of various stock and bond asset classes during the second quarter.