June is the official start of summer. For some that may mean sunny days at the beach or in the mountains. For others heat and humidity. But while every day may not be warm and sunny, most will be.
Markets work the same way. Each day or week or even year may be different, but the general direction and patterns remain fairly predictable. Short-term uncertainty tends to give way to longer-term clarity. While there are no guarantees in life, patient investors should expect to be rewarded for a sunny outlook and staying invested over the long-term.
Despite May’s average decline for the S&P 500, May saw a 5% rise, led by tech stocks boosted by Artificial Intelligence optimism. The DJ Industrial Average and NASDAQ grew 2.58% and 6.9%, respectively.
U.S. government bonds rallied on favorable inflation data, with yields declining and boosting confidence in a potential Federal Reserve rate cut. All sectors, except Energy, posted gains with IT leading. Crude oil prices fell, while copper hit historic highs.
For more details on the markets, see the May Market Commentary below.
Articles of Interest
What Goes Up Might Not Come Down
With the U.S. stock market indices recently hitting all-time highs, some investors are beginning to wonder whether now is a good time to be in stocks—or do record levels indicate trouble ahead? The historical data should help pacify such concerns.
Building Resilient Portfolios Through Diversification
The speed at which the financial landscape changed is a strong reminder of why investors need to resist the temptation to chase performance and why portfolio diversification remains as important as ever.
Six of the Worst Assets to Inherit
Leaving these assets to your loved ones may be more trouble than it’s worth. Here are some tips for how to avoid adding to their grief after you’re gone.
Spring Cleaning Checklist: The Ultimate Guide to a Tidier Home
Summer season officially began on June 20, here’s your guide to getting clean and organized this season.
Advisory services offered through KCPAG Financial Advisors LLC and insurance services offered through KCPAG Insurance Services LLC, subsidiaries of Kemper Capital Management LLC. Tax services offered through Kemper CPA Group LLP.
Symmetry Partners, LLC is an investment advisory firm registered with the Securities and Exchange Commission (SEC). The firm only transacts business in states where it is properly registered or excluded or exempt from registration requirements. Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the SEC.
No one should assume that the future performance of any specific investment, investment strategy, product, or non-investment-related content made reference to directly or indirectly in this newsletter will be profitable. You should not assume any discussion or information contained in this email serves as the receipt of, or as a substitute for, personalized investment advice. Symmetry does not provide tax or legal advice and nothing either stated or implied here should be inferred as providing such advice. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.
Investors cannot invest directly in an index. Indexes have no fees. Historical performance results for investment indexes do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the occurrence of which would have the effect of decreasing historical performance results. Actual performance for client accounts will differ from index performance.
