After stumbling out of the gate, a 2.5% rally in the second half of April left the broad-market S&P 1500 1% higher on the month.
Factors ranging from China’s evolving economy to the rise of nationalism combined to make 2016 a year that will not be quickly forgotten.
Donald Trump’s largely unexpected victory of the U.S. presidential election echoed the Brexit vote of just six months prior, reinforcing an ongoing fundamental shift in political currents and capital markets around the globe.
The S&P 1500 notched its worst monthly return since January as investors looked ahead to the presidential election and the Fed’s last meeting in 2016.
The S&P 1500 capped its fourth consecutive quarter of positive returns (and its 26th out of the last 30), as volatility reverted back up, closer to historical levels.