Quarterly Market Summary and Outlook July 2017

July 31, 2017

Synchronized global expansion was evident during the second
quarter with markets across the globe experiencing positive
economic growth. The rising tide lifted nearly all boats in the First
half of 2017. According to Morningstar, most popular fund
types rose in Q2, whether focused on stocks or bonds, US or
foreign. The breadth of the rally is reflected in a few additional
reports, as Fidelity stated the average 401(k) balance is at a record
high. Finally, the Wall Street Journal reported that all but four of
the 30 largest stock market indexes have risen this year. They
note that only 4 first half rallies in the past 20 years have been as
widespread as this year’s gains. 

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