May 2022

Summary After a dismal April, and a late May rebound, U.S. markets ended May almost flat. Developed equities shrugged off global recession concerns to rally strong into month-end, erasing earlier losses. Emerging markets continued to be weighed down by China’s aggressive COVID lockdown measures. Interest rates reversed trend and declined in May, giving bonds their…

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August 2021

Summary US stocks rebounded from a mid-August decline, rallying to finish a positive month. Investors were encouraged by the news coming out of the Fed’s annual Jackson Hole meeting, which was held virtually this year. Fed Chair Jerome Powell communicated to markets that any tapering of bond purchases would be communicated well in advance of…

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