Clients & Friends:
We wanted to take a moment to send a market update for the month of June and add a little perspective around some of the headlines you may be seeing as the economy and the world slowly reopen.
The domestic economic recovery remains robust, with the equity market reaching new heights in June. Recent data suggests a quick recovery as the economy reopens, but the pace may taper over the second half of the year. We may see near-term volatility among equities as negotiations in D.C. (regarding the infrastructure bill and debt ceiling) and with Iran (over nuclear issues and loosening of oil sanctions) have hit some snags. Inflationary pressures should prove temporary.
In other news:
As always, we thank you for your continued confidence in us. We’ll be sure to keep our eyes on the markets and relate anything of relevance. If you have any questions, please reach out at your convenience.
Carlie Dugan, CFP®
Managing Partner, Cornerstone Financial Partners LLC
Financial Advisor & Branch Manager, RJFS
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