After a volatile first quarter, the S&P 500 traded in a narrow range (SPX: 2025 to 2110) and ended the second quarter with a 2.0% increase. Additionally, after a strong first quarter, the safe haven assets (intermediate-term U.S. Treasury bonds and gold) also performed well, appreciating 2.77% and 6.77%, respectively.
While all major asset classes performed well during the second quarter, the economic fundamentals continued to deteriorate ...