June 2023 Monthly Market Review

After a bleak May, stocks soared in June. US equities led the pack with a strong return of 6.6% for the month, followed by international equities at 4.6% and emerging market equities at 3.9%. In June, the US equity markets rally saw broadening leadership beyond a narrow group of artificial intelligence-related stocks due to resilient economic data, particularly with unemployment remaining low, housing data rebounding, and softening inflation. (Read More/View PDF)