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Keep Calm & Carry On

Second Quarter Commentary – 2016:

After a rocky start to the year, with most stock markets falling into correction territory before recouping their losses mid-February, investors entered the second quarter in a positive mood as worries about the myriad of uncertainties that had caused earlier jitters dissipated. April and May passed without incident. By June, investors finally got around to focusing on the referendum in the United Kingdom to decide whether to remain part of the European Union or to leave.