CIO Commentary
Bizarro Market
Last year, stocks and bonds declined sharply during the first six months, and speculative asset classes were dismantled. This year, markets ripped higher in the first six months, with the S&P 500 Index experiencing its best first half since 2019. Gains were led by the Index’s largest capitalization names and the combined weight of the five largest S&P 500 Index companies reached historical highs.
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