STOCKS RALLY AND ROLL
John Lynch Chief Investment Strategist, LPL Financial | Jeffrey Buchbinder, CFA Equity Strategist, LPL Financial
The rally continued as the S&P 500 Index closed out May on the positive side. The disconnect between stocks and the economy generated widespread concern among some investors. At the same time, reopening optimism and massive stimulus overshadowed some concerns about a second wave of COVID-19 infections and increasing US-China tensions.
THE RALLY CONTINUES
Stocks have continued to move higher despite concerns that the rally off the March lows has come too far, too fast and concerns about the near-term prospects for the economy and corporate profits.