Q2 Market Review and Outlook

In Q2, the S&P 500 continued its strong performance, gaining 5% for the quarter and 15% year-to-date, driven largely by the technology sector. While emerging and developed market equities outside the US also saw gains, the bond market struggled due to persistent inflation and delayed interest rate cuts. Economic indicators were mixed; job growth remained solid, but the unemployment rate rose, and consumer spending showed signs of strain. Looking ahead, inflation and labor market conditions will be crucial, with potential interest rate cuts and political uncertainty adding to market volatility. Read more in this week’s Markets in a Minute.