Markets In June: Mixed Results Amid Cooling Inflation and Economic Data
In June, the markets experienced mixed results as inflation and economic data slowed. Mega-cap tech led the S&P 500 up 3.5%, while other indices posted losses. Key sectors like Tech and Consumer Discretionary performed well, while Utilities and Materials declined. Cooling labor market and inflation indicators gave hope for a potential Fed rate cut. Analysts have raised year-end stock market projections, but concerns remain about consumer savings and potential economic slowdown. Corporate earnings are expected to grow, but high valuations and geopolitical tensions pose risks. Our strategy remains optimistic, with a focus on monitoring economic dynamics and seizing opportunities.