MARKET UPDATE | SECOND QUARTER 2019
US Stocks and bonds continued their rally in the 2nd quarter, with stocks posting their strongest first half returns since the dot-com boom. Both markets are reacting strongly to the same event – increasing likelihood of at least one fed rate cut in 2019. Though this market expansion is now a bit long in the tooth (at just over 10 years), the return of easy money policies could extend the party. Globally, the same threats to market stability still linger. Brexit has been delayed, the US and China are at an impasse in trade deal negotiations and tensions with Iran have worsened. International markets have trailed the US slightly through the first half of the year as their economies navigate these issues.
