Quarterly Market Update (2019.Q2)

Last Friday marked the completion of a tremendous rebound from the fourth quarter of last year where we saw about a 20% decline in just a few months.

Below I’ve provided returns of various markets for the second quarter, year-to-date and since the global stock market peak on 1/26/2018. The first half of the year was one of the strongest on record for the U.S. market and the best since 1997. However, even given the very strong returns in the first half of 2019, the global stock market has still been unable to regain its all-time high from almost a year-and-a-half ago.

The strongest performer, on this particular list, since the global market peak has been Treasury bonds with a total return of 11.30%. Emerging Markets were the worst performer losing almost 15%. The U.S. was the best stock market around the world as it managed a 5% gain since 1/26/2018 even as foreign markets lost money. This outperformance of U.S. markets over foreign markets is a continuation of a 10-year trend.

In fact, last month was the 7th best June in the history of the S&P 500. Here are the Top 10 Junes along with the returns for the rest of the year.

Disclosures:
Past performance is no guarantee of future results. All investments maintain risk of loss in addition to gain. Data from third-parties is believed to be reliable but accuracy is not guaranteed. Much of the data used to interpret the markets and forecast returns are often at odds with each other and can result in different conclusions. Many different factors impact prices including factors not mentioned here. This is NOT investment advice but merely a general commentary. Individualized investment advice cannot be provided until a thorough review of your unique circumstances and financial goals is completed.