I’m cheating slightly, and capturing my May returns on the 29 May, during the UK’s holiday weekend. This leaves out the last trading day of May, Tuesday 31/5. In effect this means that 31/5 will become part of my June 16 returns, so it will catch up with me.
May has been pretty uneventful from an investment perspective. The FTSE-100 index stayed at around 6300, and S&P remained close to 2100.
What else happened in May?
- The Brexit referendum campaign started to feel like it is the Remainers’ to lose. Certainly the economic argument feels settled. This leaves the sovereignty and immigration arguments still to play for, along with the foibles of random news events and turnout on the day.
- At the time of writing nothing else of note appears to have happened in May, whatsoever.