June was a mixed month for markets, as equities were dragged down by the Magnificent Seven stocks, which all closed lower on the month. Still, the Dow Jones Industrial Average and the small-cap Russell 2000 both rallied, and the market benefited from the increasing earnings expectations for corporate America. Further, the May jobs data came in well above economist expectations, and retail sales continue to show consumers are willing to spend. But will inflation remain a fly in the ointment?
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