Periods of low volatility allow you to shift focus from returns to goal planning
The second quarter of 2017 was much like the previous two, continuing the trend of low volatility despite global political uncertainty and events including the Syrian war and refugee crisis, Brexit, terrorism in Europe, the political aftermath of the U.S. election, and a growing North Korean nuclear threat. During the second quarter, we saw positive returns from every asset class. Developed international and emerging markets equities outperformed the U.S. market. In the U.S. and emerging markets, large caps outperformed small cap stocks and growth stocks outperformed value. In developed international markets, small outperformed large and growth outperformed value. Almost all developed market currencies outperformed the U.S. dollar, most notably the Euro.