Radnor Financial Advisors Blog Quarterly Market Commentary - Second Quarter 2016

Returns were mixed in the first half, with US stocks beginning the year down -10.3% before recovering and ending up +3.8%. This gain was achieved despite the decline at the end of June resulting from the UK referendum to leave the European Union. International stocks and hedge funds did not fare as well, down -4.4% and -2.4% YTD, respectively. Bonds were up +5.3%, REITs were up 11.1%, MLPs were up 14.7% and BDCs were up 8.5%.Oil (WTI) recovered from the January low ($26.30) and ended Q2 at $48.27.Q1 again saw slow economic growth, with GDP up +1.1%, but Q2 looks to be improving.View PDFread more