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Where were you in 1938? Like many of you, I was not even born yet.
As people fret about China trade talks, speculate about the timing of Federal Reserve interest rate target cuts, and worry about a potential economic slowdown, the stock market experienced its largest monthly June gain since 1938. The Dow Jones Industrial Average rose a whopping +7.2% for the thirty-day period. If we exclude the specific month of June and focus instead on the first half of 2019, the appreciation is impressive as well. For 2019, the S&P 500 index is up