We hope this email finds you doing well, and that you had an enjoyable Memorial Day holiday.
While volatility was back in the month of May, overall performance was quite positive. The following piece shows which sectors performed well, and highlights the ongoing battle of sector rotation away from those sectors that led the way in 2020.
Corporate profitability continues to be strong, but the markets do continue to look at potential headwinds of tax increases and overall debt levels. Expect that volatility will continue. That said, the trend has definitely been positive of late and could continue with COVID restrictions lessening and a return to "normal" starting to take place.
Should you have any questions for us, please don't hesitate to reach out.
Take care.