Stock markets rose early in May and managed to hang on to gains by the end. So far this year the major indices are barely positive or still negative. Municipal bonds have returned positively this month, but most bonds still run negative.
On the economic scene, it is generally accepted that the Federal Reserve will raise interest rates this month and probably one or two more times this year. Inflation has picked up with the growing economy and unemployment is now at an 18 year low. For the moment it looks like we are not headed for full blown global trade wars, although the potential for escalation certainly lurks. This economic picture offers a generally positive market outlook for June.
The garden bursts with June blooms, right on schedule. How quickly nature catches up when given a few warm days, rebounding from the setback of this bitter spring. For them resilience is survival. They make it look easy.