My colleague Sam Millette, director, fixed income on Commonwealth’s Investment Management and Research team, helped me put together this month’s Market Risk Update. Thanks for the assist, Sam! Let’s take a closer look.
May was a mixed month for equity markets, as technology-related stocks rallied while most other sectors remained flat or fell. The S&P 500 gained 0.43 percent, while the Dow Jones Industrial Average fell 3.17 percent. The Nasdaq Composite led the way with a 5.93 percent gain, supported by a rise in technology stocks due to an increase in investor enthusiasm surrounding AI at month-end.
Given the concerns about slowing growth and inflation, we have kept the overall market risk level at yellow for now.
View a breakdown of the risks we’re watching in this SlideShare.