Month: June 2018

Markets – June 2018

Despite starting with the worst first day of the second quarter since the Great Depression, global equities ended the volatile month modestly higher. The combination of plateauing overseas growth and higher Treasury rates contributed to dollar strength that boosted European equities, but not emerging markets. Overseas developed markets outperformed the US by nearly 2%, but emerging market equities finished modestly in the red. News flow over the month included increasing Russia sanctions, US labor costs, tariff threat uncertainty, as well as airstrikes in Syria and potential new Iran sanctions (which fueled a 6% rally in crude oil).

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POSTED IN: Market Perspectives

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