Blackstone Reports Second Quarter 2016 Results

News and Views

Market Commentary
  • Uncertainty Escalates

    We are living in truly turbulent times. Police officers are being shot in the United States. A man drove a truck through a crowd and killed innocent children and others in the south of France. An attempted coup in Turkey has been followed by violent retaliation by the challenged leadership. The United Kingdom voted to sever its relationship with the European Union. A gunman went on a shooting rampage in Orlando. The two candidates running for the U.S. presidency have recorded the highest disapproval ratings in history. Earnings so far this year have been disappointing, yet the Standard & Poor’s 500 is at an all-time high. How do these macro and micro pieces fit together?

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