Economic Commentary:
The S&P 500 certainly rollercoastered during the second quarter of 2019, but it also gained 3.8% across those three months.
U.S.-China trade negotiations unwound, but as the quarter ended, they showed signs of resuming. The Federal Reserve grew dovish. Yields on longer-term Treasury notes dipped and so did mortgage rates.
Consumers were confident, and consumer spending stayed strong. Mixed data emerged from the housing sector. Gold outperformed oil as well as many other commodities. The Brexit was delayed, and central banks in other countries elected to lower benchmark interest rates.
Every quarter, we release an in-depth report of the current quarter. It's quite the read, so brew yourself a cup of coffee in the meantime.
Anson's Quarterly Report PDF - Download here
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