Market Updates – July 2018
Q2 2018 by the Numbers – YTD through June 30, 2018: the S&P 500 Index:up 2.88%; the Dow Jones Industrial Average: up 0.70%; the Vanguard FTSE All-World ex-U.S. Index: down 3.75%; the iShares MSCI Emerging Markets Index: down 7.44%; and the iShares Core U.S. Aggregate Bond Index: down 1.64%.
We are a little more than halfway through the fiscal year, and the U.S. economy appears to be firing on all fronts. GDP growth has the potential to exceed 4% for the second quarter, corporate earnings remain strong, unemployment is around 4%, and jobless claims are nearing levels we haven’t witnessed in almost 50 years. Nonetheless, although current economic data looks good on paper, the financial markets are struggling to gain traction in 2018. So, what has investors worried?