FSI Sector Allocation - June 2024 Update

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Market recapAs one of the oldest Wall Street adages says, "sell in May and go away." Historically, May often marks the beginning of a seasonal downturn in stocks. However, this past May defied that trend as the S&P 500 finished the month by up 5.8%. This continues the strong performance since last October and, more broadly, since the bottom in 2022. This strength is not surprising, as we have previously noted t...

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