From the desk of Jim McCarthy, CFP®, ChFC®
June 2021 Monthly Outlook - Fully Invested Bear
Financial markets basically traded sideways during May, with stocks gaining 0.5% (S&P 500), while interest rates declined slightly dropping 0.05% (US 10yr Treasury).
We have a number of key economic reports and events in June that may dictate whether the market continues to trend sideways or makes a move either up or down. On June 4th we get the May Jobs report, which will be an indication of how the job market is recovering with the economy opening up. June 15 -16 is the next Federal Reserve Board meeting, and I will be watching how they respond to the rising inflation we are seeing. June 30th brings the start of 2nd quarter corporate earnings reports.
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