“What an exhausting second quarter to 2025.”
— Gary Dugan, CIO, Javelin Wealth Management
Trade shocks. Geopolitical flashpoints. Volatile leadership. The quarter had all the makings of a market meltdown, yet equities surged.
Most major indices delivered gains of around 10% from April to June, a remarkable outcome when you consider where we started (anyone remember “Liberation Day”?). Bond markets, on the other hand, swung sharply. US 10-year yields nearly touched 5% before retreating as rate cut expectations took hold. The dollar softened. Gold climbed.
As Gary notes, “It’s quite remarkable that we ended the quarter with such strong returns.”
Good returns can still emerge from turbulent conditions, but only with clear thinking, calm execution, and the discipline to look beyond the headlines.
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