The second quarter saw renewed volatility in stocks, strong performance from bonds, and the possible beginning of a breakout in precious metals.
I EQUITY MARKETS
Domestic equities outperformed both international developed and emerging markets. For the quarter, the S&P 500 was up 4.3%, EAFE was up 3.68%, and emerging markets rallied in June to finish up 0.61%. Thus, the relative valuation advantage of emerging market stocks compared to U.S. stocks continued to widen during the quarter. READ MORE