Q2 is now in the books, and it has been solid. The S&P 500 finished with an 8.3% gain, Nasdaq 12.8%, and even the lagging Russell was up 4.9%. And in appropriate fashion, markets rallied today adding boosting those Q2 gains. Economic data has been supportive to the pushed-out recession theme (next year?) and has given some tailwind to increasing equity exposure. While today’s Personal Spending was lighter than expected (+0.1% vs estimates of +0.2%), PCE data also fell sequentially, albeit with…
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