00:00 host
Now is the time to have today’s strategic meeting. Stocks in the United States have been ready since 1990, but can the rally run out of steam? June marks a messy month in stock history, with investors awaiting the Fed’s decision and more trade volatility. Join us now and we have Callie Cox, chief market strategist at Ridged Wealth Management, which manages $5.6 billion in assets. Glad you are with us, Callie. So just take us into the June setting where there are pockets that investors should tilt or tilt.
00:51 Callie Cox
OK, hey, I can't say I'm happier than I saw it in May. You're talking about it, we've seen the strongest May in 35 years. And, you know, if someone is sitting in mid-April, uh, you know, predicting that, I might be shouting out on it. So what we are looking for is that Brad is now a strong market, uh, it's driven by the emotional rebound, uh, it's driven by the rebound in tech and consumer stocks, because uh, tariff concerns will be eased. But, you know, as the Truth Society post we saw this morning appeared, tariffs aren’t completely off the headlines. I mean, yesterday is another great example. So I think it makes sense to be cautious this summer, especially after such a strong bounce.
01:55 host
But Callie, uh, is happy to talk to you as always. Since April 2, I'm just talking about the growth of the stock market at about 4%. Have investors surpassed any tariff risks that still exist in this market? If so, what if these tariffs end up being more sticky than current pricing?
02:31 Callie Cox
I'll say yes there. I think the market has gone beyond the tariff concerns, especially because we get a lot of economic data, which shows that the first place, the company is not passing these prices, the second place, well, uh, these tariffs have reached the expenses, but not as difficult as some people are worried, especially as I was worried in mid-April. Uh, I don't think we're out of the woods yet, and when I say, you know to be cautious about going into next month, I think it's a good setting for long-term investors. I think a lot of the setup is good for long-term investors, but, you can expect, uh, you know, the market will get higher and higher with the news this month, and I think it's a bit optimistic.
