Monthly Market and Portfolio Review
May brought a welcome rebound for the markets after April’s turbulence. Despite a rocky start driven by President Trump’s unpredictable trade policies, investor sentiment brightened thanks to strong earnings, easing inflation, and a softer stance on tariffs. The S&P 500 (S&P) jumped 6.2%, its best May since 1990 – while the Nasdaq Composite Index (Nasdaq) soared 9.6%, fueled by the big technology companies. The Toronto Stock Exchange Composite Index (TSX) rose 5.4%, and even the Dow Jones Industrial Average (DJIA) delivered a solid 3.9%.