Market commentary, 2nd Quarter 2019

Markets were positive across the board, extending their gains after a strong first quarter. U.S. stocks were up 4.3% on a continued dovish Fed policy and on possible trade progress after the U.S. and China reached a deal to put a hold on tariffs as talks continue. Emerging markets and foreign developed markets were up 0.61% and 3.68%, respectively, on positive economic news and improved trade outlook. The U.S. unemployment rate decreased from 3.8% to 3.7%. Major domestic equity indices were up over the quarter. The dollar was slightly down against most major currencies.