For the first time in five months, U.S. equities declined across the board with small caps being hit the hardest. Year-to-date, the S&P 500 is up 5.66% and the Russell 2000 is down 3.06%.

International markets were mixed; Asia and the emerging markets posted positive gains while the developed European markets were negative.

The 10-year Treasury yield remained mostly unchanged for the month. Fixed income was generally negative for the month with the Barclays U.S. Corporate High Yield sector leading the way, declining 1.33%.

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