The Family Firm Blog

Trade Confrontations not affecting economic statistics yet

The news cycle provoked a relatively high degree of volatility as well as wide variance in asset class returns during the second quarter. The US stock market shrugged off the tit-for-tat tariff scuffles and posted gains.

International markets were not as fortunate; emerging markets in particular had a difficult quarter. Real estate and small cap stocks achieved notable gains. Energy stocks were the particular standout, gaining over 10%. The ongoing trade confrontations have yet to have any measurable impact on economic statistics.

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