GLC's 2019 Mid-Year Market Review – The bull market in everything

• Trade uncertainty resulted in increased equity market volatility
• A dovish policy shift from various central banks, most notably the U.S. Federal Reserve, provided welcome support for equity markets
• Double-digit gains allowed North American equity markets to regain new highs while bond yields plummeted, resulting in very healthy returns for fixed-income investors
• International equities produced positive gains but trailed their North American peers
• Oil prices bounced back as U.S. WTI crude prices rallied over 50% from their late-2018 lows