Second Quarter 2017 Market Commentary

After a remarkable first quarter, the stock market cooled off slightly in Q2 – but investors still saw substantial gains.  Strong earnings helped take Wall Street’s collective mind off a decidedly mixed bag of economic signals.  Consumers remained confident as the quarter unfolded; although hiring, inflation, and consumer spending weakened.  Home sales declined, then rebounded.  Overseas, factory activity in China and the eurozone showed improvement, and foreign equity benchmarks continued climbing.  Many commodities took sizeable Q2 losses.  When the quarter ended, the bulls were still firmly in charge.

 

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