Disneyland will never be completed. It will continue to grow as long as there is imagination left in the world."
- Walt Disney
For the most part, the second quarter saw a continuation of the first quarter's positive performance across many asset classes. This furthered a reversal of the dismal 2018 when every primary asset class was negative: US equities, long-dated US government bonds, gold, and commodities. 1
While Q1 2019 was a "risky" asset story with equities and commodities leading the way, during Q2 2019, "haven" assets were strongest. Gold led the way, up