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  • The stock market returned slight gains in June amidst rising trade tensions
  • The S&P 500 finished the month with a positive 0.6% return
    • Top Sectors: Energy (+13.5%), Consumer Discretionary (+7.8%), Information Technology (+6.7%)
    • Bottom Sectors: Industrials (-3.6%), Financials (-3.5%), Consumer Staples (-2.3%)
  • Large Cap Growth beat Large Cap Value in June by a modest margin
    • Growth continues to lead Value by 8.9% this year
  • Small Cap stocks gained 0.98% on the month, outperforming both large and mid-cap stocks
  • International Developed countries underperformed U.S. stocks by 2.2% on the month
  • Emerging Markets declined 2.4% on the month as the dollar continues to strengthen
  • Long-Term Treasury yields remained flat on the month as volatility returned in June
    • The ten-year Treasury yield ended the month at 2.85% after reaching as high as 2.98% in the middle of June


  • The economy created 213,000 jobs in June, coming in well above expectations of 195,000
    • This brings the consecutive number of monthly job gains to 93, the longest on record for the U.S.
  • Core inflation rose to 2.3% in June, continuing its rise over the course of the year
    • Fed officials have continued to raise interest rates this year as core inflation rises
  • The unemployment rate rose from 3.8% in May to 4.0% in June, partially reflecting an increase in the number of Americans seeking work
    Asset Performance 6/30/2018**



*Merrill Lynch**Bloomberg. Charts are shown for illustrative purposes only. Respective services provided by ARGI Investment Services, LLC, a Registered Investment Adviser, ARGI CPAs and Advisors, PLLC, ARGI Business Services, LLC, and Advisor Insurance Solutions. All are affiliates of ARGI Financial Group.