The move higher in most financial asset classes continued in the second quarter of 2019. This year has been almost a complete reversal of 2018 where the majority of asset classes ended the year in negative territory. In fact, 2019 is the first year since 1985 that the US stock market (S&P 500), developed international equities (MSCI EAFE), and the US bond market (Bloomberg Barclays US Agg) all returned over +5% halfway through the calendar year. Going forward, we don’t expect that all asset classes will continue to rise simultaneously. Rather, we are reminding our clients to be prepared for a potential increase in volatility.

In our writings and conversations with clients we always stress the power of combining a comprehensive financial plan with a structured, consistent, and repeatable investment process. We continue to believe this is the best approach for helping our clients navigate through financial markets and ultimately reach their goals and objectives.

At Winthrop Wealth Management, we feel privileged to work with you and your families. We want to extend our best wishes for a wonderful, safe, and happy summer. We look forward to speaking with you in the near future.