July 21, 2021
I love money. I love everything about it. I bought some pretty good stuff. Got me a $300 pair of socks. Got a fur sink. An electric dog polisher. A gasoline powered turtleneck sweater. And, of course, I bought some dumb stuff, too. –Steve Martin
SECOND QUARTER 2021 REVIEW
The United States equity market, broadly measured by the Russell 3000 Index, returned +8.2 in the second quarter and 15.1% for the year to date period. Notable strong performance came from the real estate and information technology sectors, which, as measured by the S&P Select Services Index family, returned +13.1% and +11.1%, respectively, in the second quarter. All sectors save utilities posted positive returns in the quarter. The divide between large-cap growth and large-cap value performance reversed yes again with the Russell 1000 Growth and Value returning +11.9% and 5.2%, respectively.