05/01/25 | Monthly Letter
Monthly Market Summary
The S&P 500 Index returned -0.9%, outperforming the Russell 2000 Index’s -2.3% return. Technology was the top-performing S&P 500 sector, followed by Consumer Staples, Industrials, and Utilities. Energy returned -13.9% as oil prices fell -18.6%.
Bonds ended the month unchanged despite intra-month volatility, with the U.S. Bond…
