Market Thoughts June 2024

Commonwealth CIO Brad McMillan recaps May’s market and economic news. Most stock indices were up from 3 percent to 6 percent in May, and the S&P 500 and Nasdaq reached new all-time highs. The April employment report and declines in consumer and business confidence helped calm investor concerns about inflation and took interest rates down a bit. Companies showed strong earnings growth, providing a solid foundation for the market. With slower economic growth and stable market fundamentals, will we see continued expansion in June? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.

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