With the long-running economic expansion showing its age, investors cheered what could turn out to be a well-timed assist from the Federal Reserve. That was the primary market driver last month as stocks posted their best June in more than 80 years — largely on the prospect of monetary easing in the third quarter. Although the Fed hasn’t publicly committed to cutting interest rates, market participants expect the central bank to come off the sidelines soon, which was reason enough to step on the gas in June.
US equities
After selling off in May, equities