Stocks rebounded this month from their dip in May with all market sectors as well as bonds and international stocks rising. For the most part May losses were erased in June.
Optimism fueled this month’s rally as indicators point to continued strength in the economy. The market reacts quickly when signs of weakening accumulate and investors move to sell ahead of the shift. The Federal Reserve as well as investors watch these indicators closely for signs of any softening in the economy. The Federal Reserve adjusts interest rates to reduce the extremes of the economic cycles of inflation and recession. Their position now is that no immediate adjustment of interest rates is needed. We look for continued stock market growth for now.
A burst of poppies fluttering their red to pink banners dominate the garden. These annuals seed themselves every season and the mild winter this year urged a bumper crop. From a speck of seed they power straight up to 2-3-foot sturdy shrubs and full bloom in a few weeks. The surge of life is astonishing. Thankfully, except for the bees, local wildlife ignore the poppies. For us they are irresistible.