Vestor Capital Quarterly Commentary
July 1, 2019
Major world equity indexes continued to advance in the second quarter of 2019. The S&P 500 and Dow Jones Industrial Averages recorded their strongest first halves since 1997 and 1999, respectively. The technology heavy NASDAQ composite index reported the best YTD return of any major market index, up 21%. The developed large-cap international index was up a very respectable 14%, with the emerging market index pulling up the rear at 10% for the first half of 2019.
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