May 2023 Monthly Market Review

Stocks and bonds across the globe struggled in May. US equities eked out a small gain of 0.4%, led by a handful of technology stocks. Key events during the month included a last-minute two-year debt ceiling suspension, stronger than expected US economic data, and interest rate hikes from global central banks to curb sticky inflation. Developed international equities struggled, declining -4.1% as economic conditions worsen in Europe.  (Read More/View PDF)