We are pleased to share RBC Wealth Management's latest investment newsletter.
Narrow-minded
While the S&P 500 has been on a good run this year, narrow market leadership has camouflaged fairly paltry returns from most of the index. We look at whether this performance disparity is deserved, and what the phenomenon holds for future performance and portfolio positioning.
U.S. services and manufacturing continue to weaken
The Institute for Supply Management’s Services and Manufacturing PMIs continued to trend lower in May, with manufacturing in contraction territory for the seventh straight month.
Please take some time to review the Global Insight Weekly.
Feel free to contact Steve or Andrew with any questions and/or to discuss investment ideas.
We appreciate the opportunity to serve you and look forward to continuing to help you accomplish your long-term financial goals.
RBC Wealth Management, a division of RBC Capital Markets, LLC, registered investment adviser and Member NYSE/FINRA/SIPC.
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