We are pleased to present you with our second quarter market review. The more wide spread rollout of Covid-19 vaccines allowed both US and global equities to advance during the second quarter with the S&P 500 index reaching a new all time high. US and global bonds also saw modest increases during the last quarter.
Although the Federal Reserve’s June Federal Open Markets Committee meeting didn’t bring any changes to current interest rates, they did indicate it might soon be appropriate to tighten monetary policy, with current projections of interest rate rises in 2023.
We encourage you to not be alarmed by the talk of interest rates or inflation. Rather, this kind of movement is a normal part of the economic cycle. With an appropriately balanced portfolio you will be well positioned for changes in the economic climate, whenever they may arise.
As always, please reach out with any questions.