Markets were generally down across the board, following a strong first half of the year. Both the broader market (Russell 3000) and the S&P 500 finished lower, pressured by a Fitch downgrade of the United States’ credit rating from AAA to AA+ and concerns that the Federal Reserve will keep rates higher for longer.

We cover trends in major indices such as the S&P 500, Russell 3000, US Equity, Non-US Equity, and US Fixed incomes and conclude with an outlook on future performance.