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Second Quarter 2021 Investment Commentary

July 6, 2021 in Market Updates

Global stock markets continued to surge in the second quarter. Developed markets led the way, with the S&P 500 Index gaining 8.5% and developed international stocks gaining 5.7% (Vanguard FTSE Developed Markets ETF). Emerging-market (EM) stocks rose 4.9%, held back by mixed news on the COVID-19 front and a tightenin...