Ongoing trade tensions dominated the headlines and market action in the month of June as concerns mounted that any tariffs imposed by the U.S. against our trading partners would be met with swift retaliation. The tit-for-tat threat of a trade war saw an escalation in rhetoric as China’s President Xi reportedly said “In the West you have the notion that if somebody hits you on the left cheek, you turn the other cheek…In our culture we punch back.”
Despite that, the S&P 500 index eked out a 0.48% gain in June, excluding dividends…