{"id":964,"date":"2025-06-04T16:00:57","date_gmt":"2025-06-04T20:00:57","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/?p=964"},"modified":"2025-06-04T12:46:06","modified_gmt":"2025-06-04T16:46:06","slug":"june-2025-update","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/stonehavenwealthmanagement\/2025\/06\/04\/june-2025-update\/","title":{"rendered":"June 2025 Update"},"content":{"rendered":"

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Markets rebounded sharply in May, with our Growth portfolios posting strong gains and the Income portfolio advancing as well.<\/p>\n

Much like the rallies of 2009, 2018, and 2020, this one is fast, forceful, and, to some, surprising. But to us, it’s a logical reset\u2014not a \u201crecession rally,\u201d but a clearing of pessimism. The fundamentals never really cracked. After weeks of gloom and fear-driven headlines, the market is simply exhaling.<\/p>\n

Investor sentiment hit a historic low last month. The AAII survey logged 11 straight weeks of net bearish pessimism, nearing the 1990 record ahead of the Gulf War. Then, as now, a single headline flipped the switch. A potential breakthrough in trade policy may have been the catalyst. Historically, when the S&P 500 rises 18% or more over seven weeks, as it did by May\u2019s end, average returns over the next year exceed 27%.<\/p>\n

That\u2019s the short-term view. But beneath the surface, a deeper shift is underway.<\/p>\n

We\u2019re witnessing a structural regime change in markets. For decades, monetary dominance shaped everything: central banks set the pace, inflation was the constraint, and interest rates the signal. That era is over.<\/p>\n

In its place: a new order driven by what we call the Four Fs:<\/p>\n