June usually isn’t a great month to buy stocks
Changes for the S&P 500:
- Daily +0.6% (+17 points to 2941)
- Monthly +6.9%
- Quarterly +3.8%
All the US indexes performed roughly in-line over the month, with gains around 7% and slight outperformance in the Nasdaq (+7.4%).
This was really about the reversal of the Mexican tariffs. The market was up 3.0% from where they were on May 22 before the tariff talk started.