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Markets & Economy

The Economy: August 2016

The Economy: As of August 2016

After a flurry  of volatility in June and July surrounding the “Brexit” vote, August turned out to be a relatively quiet month for stock markets. Large cap developed country equities were little changed, with S&P 500 up 0.14% and the MSCI EAFE index of international stocks gaining just 0.7%. Emerging markets, however, continued their strong run, rising 2.49%. Though they experienced a rocky start to the year, high yield corporate bonds have been one of the top performing asset classes, returning 14.35% through the end of August.