Market Thoughts for June 2024
Brad McMillan, Commonwealth’s CIO, recaps April’s market and economic news. Rising interest rates 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.
