Dear client or friend of Vailshire Capital Management,
I hope that you survived an eventful month of May, and that June will be less tumultuous for you and for our country!
Let's get right to the monthly update.
Current Market Conditions
Despite the massive (Depression-esque) levels of unemployment and deep recessionary drops in the manufacturing and service sectors, the stock market continues to be surprisingly resilient. Persistent strength in the US dollar and stable Treasury yields near historic lows suggest less optimism is these markets compared to what is seen in the (much smaller) stock