The S&P 500 finished the month of May up a little less than three-quarters of one percent with non-U.S. stocks – both developed and emerging broad-based indices outperforming the U.S. It was another good month for broad-based commodities, especially gold. Bonds too provided a positive return, returning roughly one-third of one percent.
For the week ahead, are we entering a period where the stock market may start acting crazy? I say this because as we move closer to mid-year and beyond no one truly knows how long the pent-up demand economy lasts. No one truly knows if inflation will remain elevated and for how long.
No one truly knows if the 10-year will make a run at 2% or when the Federal Reserve will begin to taper its bond-buying program. When we have this number of unknowns expect to have days when the stock market can seem crazy – both to the upside and the downside and it could all begin this Friday with the jobs report number.
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