In this issue:

Economic and Market Overview

Easing Off the Accelerator
With continued progress being made in the fight against the coronavirus, GDP growth in the United States continues its recovery and has been moving higher at a rapid clip.

Fixed Income Commentary

Bonds Bounce Back
After posting the worst quarterly decline since 1981 in the first quarter, it should not come as a shock the sector bounced back during the second quarter.

Equity Commentary

Equity Performance Review
Equity markets continued their rise during the second quarter. U.S. equities advanced 8.2% as large caps outpaced small caps 8.5% versus 4.3%.