MARKET RECAP

• US stocks =0.17%, international +0.20%, bonds +0.05%.
• The ISM report for manufacturing dropped to 48.7 from 49.2 in April, the consensus was for 49.8.
• The number of job openings is at a three-year low of 8 million.
• Brent crude oil dropped to as low as $78.92 on Friday, the lowest price since February.
• India’s Modi lost seats in the election, and Claudia Sheinbaum was elected President of Mexico.
• The S&P 500 closed at a record on Wednesday, its 25th record close this year.
• 272,000 jobs were added in May, smashing the estimate of 180,000. The unemployment rate increased to 4%.
• The net worth of Americans increased by 3.1% or $5.1 trillion, in Q1.
• NVDA topped a $1 trillion valuation.

US STOCK MARKET as represented by the VTI

MARKET RECAP