Attached is the Maridea Monthly Market Update for May 2024. This report offers a snapshot of key trends shaping the current economic and market landscape. Here are the takeaways for this month:
- The S&P 500 Index returned -4.0%, outperforming the Russell 2000 Index’s -6.8% return. Ten ofthe eleven S&P 500 sectors traded lower in April, led by Real Estate.
- Corporate investment-grade bonds produced a -3.2% total return as Treasury yields rose, whilecorporate high-yield bonds produced a -1.3% total return
- International stocks outperformed U.S. stocks. The MSCI EAFE developed market stock indexreturned -3.2%, while the MSCI Emerging Market Index returned -0.2%.
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Best regards,
Maridea
Maridea Wealth Management
Phone: (347) 289-5227| Email: [email protected]