The S&P 500 returned 8.6% for the quarter. Smaller stocks, as measured by the Russell 2000, returned 4.3%, although they remain ahead of the S&P 500 for the year. International stocks lagged their U.S. counterparts, but were still up over 5% during the quarter. All in all, the first half of 2021 would have made for a great full year in the equity markets. The bond market had positive performance for the quarter, though it is still down for the year after a poor first quarter.
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