2018 Q2 Investor Quarterly Market Commentary and Investment Perspectives
The second calendar quarter of 2018 witnessed a continuation of the stock market’s volatility that manifested itself in early February of this year but was virtually absent in 2017. The S&P 500 Index, the most widely recognized proxy for U.S. Stocks, ended the second quarter of 2018 at 2,718.37, delivering a total return (including dividends) to investors for the period of +3.43%. The relatively modest size of the gain belied the Index’ broad trading range of (approx.) 8% throughout the quarter, from its closing low of 2,581.88 (April 2nd), to its closing high of 2,786.85 (June 12th).