Our Perspective: 3rd Newsletter
Another quarter, another all-time market high in the S&P 500 Index. Global stock markets also did well, collectively having their best opening half-year in years. All but four of the 30 major indexes representing the world’s biggest stock markets by value have risen this year, a first-half performance unmatched since 2009. In the past 20 years, only four first-half rallies have been as widespread or better than the current global surge. In the U.S., the Dow, S&P 500 and Nasdaq Composite have set numerous record highs in the ninth year of this bull market. Globally, nearly half of the top 30 stock indexes are at or near all-time highs.
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