Monthly Market Monologue - June 5, 2023
We finally see a change in the character of the stock market. From the end of May to Friday, June 2nd, we saw a big change in the amount of stocks that are advancing.
We finally see a change in the character of the stock market. From the end of May to Friday, June 2nd, we saw a big change in the amount of stocks that are advancing.
It is reported that on June 1, 2023, the US will run out of money and unless Congress passes a bill to raise the nation's debt limit, our government will not be able to pay its bills.
Given the difficult inflationary conditions of the past two years, the risk that worries most retirees continues to be outliving their savings.
A problem that has been looming for quite some time now - is finally upon us.
The federal debt limit is once again in the news as the country rapidly approaches a critical deadline on June 1. Investors are understandably nervous about Washington failing to reach an agreement, a possibility that both sides agree would be a self-inflicted catastrophe.
In this month's market analysis, we look at year-to-date action in a few major indices. We also look at the market's "breadth" which is a measurement of how much of the market is actually participating in the advance.