The second quarter of 2016 ended with mixed results after a sharp late June sell-off in reaction to the historic “Brexit” vote. For the quarter the S&P 500 and the Dow Jones Industrial averages managed nearly 2% gains while the Nasdaq closed out with a little over a 1% loss. Second quarter earnings releases start being announced during the week of July 18th. Those results will shed light on the health of the US economy and largely dictate the markets direction heading into the pre-election stretch. Keep checking back to our homepage for updates in the “current market outlook” section.
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This information is not intended to be a substitute for specific individualized advice. The TPM strategies cannot assure a profit nor protect against loss. Inherent limitations and market conditions may affect the performance of portfolios in any given market environment. Past performance does not guarantee future results. Investors should consider the investment objectives, risks, charges, and expenses associated with any investment strategy.