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August 2016 Market Commentary

Domestic and international equity indices generally finished the month higher. Global fixed income indices experienced mixed returns as markets were range bound throughout the month. Central banks remained in focus as leaders from around the globe met in Jackson Hole, WY to discuss economic and monetary policy in what has become a widely followed event.

For the month, the S&P 500 Index gained 0.1%, while the Russell 2000 Index of smaller companies increased 1.8%. The energy, financials, technology and industrials sectors were the top performers, while the utilities, telecommunications and healthcare sectors were weaker. Across market capitalizations, small-cap securities generally outperformed their large- and mid-cap counterparts. Across styles, value outperformed growth across small- and large-caps.
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