Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for May. It was a mixed bag for the markets, with the Dow up more than 2 percent, the S&P 500 up slightly, and the Nasdaq down. On the medical front, case growth and death rates declined, and more than 4 of 10 people are now fully vaccinated. With fading medical risks, the economy continued to improve. Layoffs are trending down, and consumer confidence remains close to pre-pandemic levels. So, could we be back to normal by the summer? Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer.
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