June 2026 Sector Allocation Update

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Market Recap

Equity markets seem to have levitated in May, despite oil prices that remain elevated and despite the ongoing conflict in Iran and the uncertainty that typically accompanies a new Federal Reserve chair. The S&P 500 gained 5.3% in May, while the Nasdaq Composite rose 8.4%.

By the end of May, 97% of companies in the S&P 500 had reported their quarterly results. And as seen below, companies ...

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