Second-quarter 2010 review with Jeff Johnson
July 19, 2010
The second quarter brought a preference for assets that investors perceived to be safer and more liquid, while risky assets generally underperformed. Investors had to contend with a debt crisis in Greece, leaking oil in the Gulf of Mexico, and a flash crash on Wall Street, among other events. Equity markets fell for the first time in five quarters, with the broad U.S. market declining more than 11% and international equities faring even worse. In this brief webcast, Jeff Johnson of Vanguard Portfolio Review Group offers a summary of the quarter's returns and some perspective on recent market events. A full-length market commentary from the Portfolio Review Group is also available in a printable format.
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Notes:
- All investments are subject to risk.
- Past performance is no guarantee of future returns.
- The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index.