Price Return Last Week S&P 500 2.3% S&P Mid Cap (0.2%) Russell 2000 (0.5%) MSCI EAFE 2.7% MSCI EM 0.9% 10 Yr US Treasury Rate – fell rose 4.45% to 4.49% Source: Refinitiv Eikon Recent News Q2 Summary – After a lackluster first quarter, the S&P 500 gained over 15% in Q2, marking the best quarterly return since 2020. All the more impressive given ongoing negotiations with Iran and the increased likelihood of interest rate increases by the Federal Reserve this year.