2026 Q2 Review and Outlook – The Expectations Game

The market shrugged off a weak first quarter as stocks (as measured by the S&P 500 SPDR ETF – SPY) increased 15.1% in 2Q26 (which would be considered an amazing annual return). The U.S. bond market (as measured by the US Aggregate Bond ETF – AGG) was up 0.7%, and a 60% stock/40% bond portfolio…