June 2023 Market Update

June 12, 2023

Welcome to our June 2023 Market Update Video!

How was your start to summer with this great weather we’re having? 

The market appears to have started its summer break too!  Stocks were virtually flat in May, as the S&P 500 was up ¼% for the month.1

The good news is that stocks are trading in an uptrend as of this writing and I feel they have been quite resilient, despite recent uncertainty around topics such as the debt ceiling and rate hikes.

Stocks peaked in January of 2022, and while there are no guarantees bear markets typically last an average of 20 months.3  After 17 months, I feel like we’re getting closer to that next Bull Market.3  In my opinion, attempting to time market correctly has been a very tough endeavor for investors throughout history.  For this reason, we maintain strategic allocations that best suit clients.

Fixed income markets  experienced a little volatility as the headlines persisted about the debt ceiling talks as the 10-year Treasury rose about .2% for May.I believe this was a nonevent and feel that debt markets are stable at this time.

Are you ok with me keeping things brief?  As I started with, it feels like summer not only outside but also in the markets. 

Please let me know if you have any questions or feedback.  Enjoy the nice weather!



Tim Truebenbach, CFP®

Senior Vice President – Financial Advisor


Disclaimers and Sources

1 Source: Thomson ONE Reuters, S&P 500, 6/6/2023

2 Source: Investor’s Business Daily, Big Picture article, 6/5/2023

3 Source: JP Morgan Weekly Market Recap, 5/1/2023

The S&P 500 Index is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.

The NASDAQ Composite Index measures all NASDAQ domestic and non-U.S. based common stocks listed on The NASDAQ Stock Market. Bonds are subject to credit, market, and interest rate risk if sold prior to maturity.

Bond values will decline as interest rates rise and bonds are subject to availability and change in price.

The fast price swings in commodities will result in significant volatility in an investor’s holdings. Commodities include increased risks, such as political, economic, and currency instability, and may not be suitable for all investors.

Government bonds and Treasury bills are guaranteed by the US government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value.

Dividend payments are not guaranteed and may be reduced or eliminated at any time by the company.

The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.

Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.