May Market Matters

The United States continues to make progress against COVID-19 with the pace of vaccinations accelerating, over 32% of the U.S. population has been fully vaccinated as of May 9. Meanwhile, daily COVID-19 cases and fatalities continue to fall.

Job creation unexpectedly fell in April, expanding by only 266,000 instead of the expected increase of one million jobs. The unemployment rate rose slightly to 6.1% in April, however, weekly jobless claims continue to decline. Inflation continues to be a focus of debate regarding the nature of the inflation we’re currently seeing and whether it will prove to be transitory or longer-term.

To offer an overall perspective on the market and what may come next, attached is the May edition of Market Matters.

As always, we continue to monitor market conditions closely, and we’re here to assist you however we can. If you have any questions or concerns, please don’t hesitate to reach out.