August 18, 2016. By Richard Greene:
The March rally continued into the second quarter, albeit at a slower pace, as equity markets rose steadily. This rise
was disrupted in late June as the UK voted to leave the European Union, which saw global markets take a nosedive.
However, US stocks quickly snapped back, and finished the quarter near all-time highs. For the quarter, the
benchmark S&P 500 gained 2.46% while the Intelligent Index Model Portfolio advanced 3.01% largely on the
strength of small-cap and mid-cap stocks.
During the quarter, US economic data was mixed but generally http://premier-pharmacy.com/product-category/skin-care/ positive. The labor market continued to tighten, retail sales surprised on the upside, and we saw improvement in the manufacturing sector, which had been a big drag on growth previously. While energy prices did rebound, they remain relatively low and continue to support consumer spending. Please take a moment to read our analysis of the quarter in our latest review: Intelligent Index Review Q2_2016
We look forward to updating you at the end of the third quarter, and as always please feel free to contact us with any questions.