ACG’s June Capital Markets Review

(Download the full report HERE)

Market Highlights

  • Large Cap equities ended the first half of the year near all-time highs after a strong June marked by continued strength in Technology stocks and low volatility in equity markets.
  • The S&P 500 rose +3.59% in June and is now up +15.29% for the year.
  • Small Cap stocks have not kept pace with their larger counterparts, with the Russell 2000 falling -0.93% in June and up only +1.73% year-to-date.
  • The Information Technology sector (+9.32%) led the way once again for the month while Consumer Discretionary and Communication Services also enjoyed strong months.
  • Growth stocks continued to outpace Value-oriented names with the Russell 1000 Growth rising +6.74% in June vs. -0.94% for the Russell 1000 Value.
  • Some political turmoil hampered Developed International equities in June, with the MSCI EAFE Index falling -1.61%. Emerging Markets have quietly had a strong start to the year as the MSCI EM Index rose +3.94% during the month.
  • The 10-year Treasury yield eased from 4.50% to 4.37% in June given slowing inflation and some signs of weakness in labor markets and the economy. The Bloomberg US Aggregate Index was up +0.95% for the month and is now down -0.71% for the year.

Download the full report HERE to see index returns and more.

Sources

Morningstar Direct, MSCI

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