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.
Articles of Interest
Markets Don’t Wait for Official Announcements
Recession concerns have been in the news lately, prompting investors to wonder how an economic downturn might impact their portfolios.
Make Sure Your 401(k) Is On The Right Track
While the beauty of a 401(k) is that it doesn’t need much regular maintenance, it’s important to take a look at it at least once or twice a year.
Should Graduates Spend or Save Their Gift Money? 14 Strategies to Consider
When recent grads deliberate on whether they should spend, save, or invest their monetary gifts, experts suggest considering short- and long-term goals.
11 Top Affordable All-Inclusive Resorts to Visit in 2023
If you’re looking for an affordable, all-in-one summer getaway, here are some memorable options that won’t break the bank.
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.
Symmetry Partners, LLC, is an investment advisory firm registered with the Securities and Exchange Commission. The firm only transacts business in states where it is properly registered, or excluded or exempt from registration requirements. Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the Commission.
No one should assume that future performance of any specific investment, investment strategy, product, or non- investment related content made reference to directly or indirectly in this newsletter will be profitable. You should not assume any discussion or information contained in this email serves as the receipt of, or as a substitute for, personalized investment advice. Symmetry does not provide tax or legal advice and nothing either stated or implied here should be inferred as providing such advice. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions.
Investors cannot invest directly in an index. Indexes have no fees. Historical performance results for investment indexes do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the occurrence of which would have the effect of decreasing historical performance results. Actual performance for client accounts will differ from index performance.
