Domestic equities were outpaced by performance overseas with the large cap S&P 500 rising 2.57% as compared to the 4.67% for international markets. Optimism about growth in global economies continues to build as the rest of the world recovers from the recession. This growth is bolstered by central banks which continue to expand their balance sheet positions as the Fed paces ahead of foreign banks and anticipates contracting in its portfolio over the next year.
June 2017 Market Update
July 19, 2017|