Summary
The US Market Index rose 3.48% in the second quarter. Tech stocks continued to dominate the market. Value stocks once again lagged behind growth stocks. The yield curve remained inverted. Bitcoin lost momentum. The US Market index is up 23.78% over the past 12 months.
Technology and communications stocks continued to lead the market higher in the second quarter. Cyclical stocks fell across the board, with the biggest losses coming from basic materials. The Treasury Yield Curve is still in inverted mode, with short-term yields outpacing long-term ones.
Volatility in the bond market remained above its five-year average and rose slightly from the first quarter. Some of the biggest market gains in the second quarter came from semiconductors. Mexican stocks struggled after the election of Claudia Sheinbaum to the country’s presidency.
