Watch David Darst, CFA - Senior Advisor, share his recap of the major events in May 2022.
Financial market indices:
S&P 500 was flat for the month of May despite high volatility.
Oil had a very strong month and was up 9.5%, while gold was down 3.5%.
The dollar lost 1.7% against the DXY index but is up 6.0% year-to-date.
The volatility index exceeded 30% during 8 of the 21 trading days in May
The economy is expected to further slowdown this year with recession becoming a possibility if inflation remains too high. Earnings are also expected to go down as inflation cuts into margins and causes consumers to spend less.
Diversification and liquidity will be the main themes of the upcoming period: diversification with growth, value and defensive assets, and upgrading portfolios by selling low quality and buying high quality assets.
Watch the full market recap above.
Book an appointment with our financial advisors to start your investment journey.
Talk to our investment professionals or explore our digital platform without any obligations