
Market Update, May 2021 – Growthflation…
What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were up less than 1% in May. The developed market of Japan was down about 1%. Europe and the U.K. were up about 3% and 1% respectively.

What Did We See? U.S. Large Cap stocks, or the S&P 500 index, were up less than 1% in May. The developed market of Japan was down about 1%. Europe and the U.K. were up about 3% and 1% respectively.
"These are interesting and potentially volatile times that call for diversification, balance and patience in one’s portfolios."
Please click here to read my market commentary for 3Q26!
"That’s the lesson worth sitting with more than any single data point below: being rightfully defensive during Q1 did not help you during Q2. Markets can quickly move from one regime to the next and back again."
Please read my market commentary for 2Q26!
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