June usually isn't a great month to buy stocks

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.