The U.S. economy continues to prove its resilience, but expect continued market volatility
- We expect recession fears to fade in the coming months, first because of the resilience of the U.S. economy and then because of positive surprises in the euro area and relaxation in harsh lockdowns in China. – Bob Doll, Chief Investment Officer, Crossmark Global Investments
- U.S. equities bounced back from their 2022 lows (as of 5/31/2022), while U.S. Treasury yields dipped. The Fed’s May meeting minutes also confirmed it was considering a two-phase approach to policy tightening, getting to neutral – a level that neither stimulates nor restricts the economy – in phase one and then pausing to assess the impact. – BlackRock
- While the post-pandemic growth momentum is beginning to moderate, we do not think it is coming to a screeching halt. As markets recalibrate to the evolving economic environment, expect continued (market) volatility. – J.P. Morgan
As always, we continue to believe that one’s circumstances and risk profile should determine the appropriate mix of investments, and not media headlines. Please contact us if you ever have any questions or concerns about your accounts or any news you hear.
Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, asset class, or investment strategy (including the investments and/or investment strategies recommended by the adviser), will be profitable or equal to past performance levels. Information in this commentary is gleaned from third party sources, and while believed to be reliable, is not independently verified.