Thoughts on the Market: June Edition

Equity markets closed out the second quarter on a high note, extending the rally off the low of March when investor fears surrounding the economic impacts of the Coronavirus were at their peak. The month was not without volatility, however, as it featured a rapid ascent in early June, a subsequent decline in cyclical stocks and several single days of large declines (including a 6-7% decline in indices on June 11).

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