2018 Quarter 2 Review: Macro Series
Despite continued day-to-day volatility, US stocks posted positive returns in the second quarter, buoyed by a stronger US dollar and a rosy outlook for US economic growth. The S&P 500 and other broad US indices advanced for the three-month period, extending the current multi-year bull market. Concerns revolving around a global trade war, rising interest rates, the sustainability of the European Union, and the potential for US Federal Reserve (Fed) policy mistakes led to some short-term ups and downs, but investors seemed to retain their conviction in the aging bull market.
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