SPY - Asset Class Scoreboard: May 2024

2024-06-07 03:05:00 ET

Summary

• In May, most asset classes rebounded after April’s pullback.
• U.S. stocks led the way, with the S&P 500 gaining an impressive +5.06% as corporate earnings showed resilience.
• Year-to-date, most asset classes are in positive territory, with U.S. stocks leading the way at +11.30%.
• As we head into June, it’s important to be aware of the mixed backdrop.

In May, most asset classes rebounded after April's pullback:

U.S. stocks led the way, with the S&P 500 gaining an impressive +5.06% as corporate earnings showed resilience. Real estate also recovered, with the IYR index climbing +4.93% as lower mortgage rates renewed demand. International shares participated in the rally, rising +3.95%....

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