So June is here and the living isn’t easy.
Last week I wrote about the adage, selling in May and going away.
Here are the index levels on 5/27/16 and for the last day of May:
Dow Jones: 17,828.29 17,787.20
S&P 500: 2,090.10 2,096.96
Nasdaq: 4,901.77 4,948.06
Gold: $1221.30 $1,218.60
Silver: $16.30 $15.99
US 10-year: 1.833% 1.833%
Crude: $49.03 $48.38
So there’s the movement over the Memorial Day weekend. The dollar index is 87.62 at the end of May.
I believe we will look at these levels again after the political conventions in July. I would say it might be a good thing to look at it after the Fed raises rates in June, but that won’t happen.