Financial Insights

KCM On Balance – June 2023

For those of us who love the long, lazy days of summer—sunsets, cookouts, poolside relaxation, beach days—we wait all year for June to arrive. Later this month, we’ll see the longest day of the year.


Like a long-term investment approach, it’s worth the wait. While there are no certainties in terms of predicting the weather, we all know—patience is a virtue. And there will be warm, sunny days.


May was a turbulent month for U.S. markets. Investors grappled with persistent inflation and uncertainty surrounding the Federal Reserve’s interest rate hikes. In addition, worries about whether there would be a debt ceiling deal added pressure to already burdened markets. Despite these challenges, strong earnings in specific sectors and a rally in mega-cap tech stocks helped lift equity market returns for the month.


A signed bipartisan agreement on the debt ceiling at the beginning of June brought welcome relief to investors around the globe.


For more details on the markets, see the May Market Commentary below.


Over the short term, markets tend to be sentiment driven because they are driven by people who, in turn, are driven by narratives. Over the long term, however, markets are driven by earnings.


Remember: It’s human nature to want to chase a hot stock story—but the best investing story is the one that sees you achieve your long-term goals.

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Advisory services offered through KCPAG Financial Advisors LLC and insurance services offered through KCPAG Insurance Services LLC, subsidiaries of Kemper Capital Management LLC. Tax services offered through Kemper CPA Group LLP.

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