Newsletters
June 1, 2026
June 2026 Newsletter
Stocks continued to spring higher in May, extending the tech led rebound off the March correction. It must be getting difficult for those sidelined by fear as major indexes breach all-time highs. We are pleased to report that our portfolios continued to outpace benchmarks in May, extending our year-to-date lead.
As much as we are enjoying our gains this year; high valuations, looming IPOs, contentious midterms, fresh Fed leadership and an uncertain geopolitical backdrop command our respect. Within our tactical strategy, we further rebalanced the portfolio – this time from a neutral (benchmark) weighting to modestly underweight stocks.
We are not betting against stocks and welcome further progress. We would not be surprised to see further gains through year-end but we believe it’s prudent to lock in some gains and prepare for potential turbulence.
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