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Our 2016 second quarter research reports on leading
topics in response to timely issues and economic developments. It
provides the foundation for our asset allocation decisions and
strategies including long-term equity outlooks.
U.S. equity markets enjoyed a strong month as anxiety
levels dropped from their post-Brexit highs and volatility remained
subdued. Small-caps took the lead with the Russell 2000 gaining 6.0%,
followed by mid-caps with 4.6% and large-caps adding 3.7%.
Jim Baird, Chief Investment Officer of Plante Moran Financial Advisors, provides a 2nd quarter market overview.