Economic & Market Overview
Second Quarter Review
Over the past three months we saw the price of oil continue the rise that began in the first quarter, hitting a peak of $114.58 per barrel of West Texas Intermediate crude on April 7.
In this issue:
Fixed Income Commentary
The Federal Reserve Ends Easing Bias
Core bonds finished the second quarter with a gain of 0.7%. Oil prices would fall more than 30% as the U.S.
Equity Commentary
Quarter in Review
Equities rallied during the second quarter, driven by expectations of continued earnings growth coupled with positive sentiment resulting from a turn in macro events.