EFTA Document EFTA01457975

Perspective from Larry V. Adam, U.S. Wealth Management CIO and Chief Investment Strategist Summer Doldrums Setting In While financial market volatility increased on the back of the Greek crisis and dramatic decline in the Chinese equity market (-32% from its recent peak), markets have stabilized. In fact, month-to-date through Thursday, the S&P 500 has rallied -2.3% and the 10-year Treasury yield has fallen -9 bps. The eye-popping stat was the intra-month "bear market" (fall of more th