The S&P 500 posted a 5.3% gain for the month of May. Since mid March the gains total 25%. The past 3 months represent the best 3 consecutive month period since …1938!
Of course , 3 months is a short timeframe and we can’t extrapolate this forever into the future. If we can keep the government from taking over the economy it looks like the markets, as always, will work. As positive as all of this is, I can’t help but think that we are “papering over” a number of serious problems that could well rear their ugly heads again.