From the Desk of the CIO
2Q 2018 Market Update
The second quarter did not disappoint in its delivery of market impacting geopolitical events. What began as a delegation appearance at the winter Olympics translated into the first steps a North Korean leader would take across the DMZ since the "end" of the Korean War in 1953, and later a face-to-face meeting with President Trump materialized in Singapore. Despite questions on actual accountability behind Pyongyang's denuclearization efforts, these actions are a stark contrast to the region's geopolitical posturing just eight months prior when threats of missiles capable of reaching Guam were being made simultaneously alongside live test fires over Japan. All political leanings aside, the equity market favors more certainty than less, and a more peaceful Korean peninsula arguably moves the needle further into the favorable category. Then came tariffs...
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