Bloomberg forecasts weak S&P 500 growth in June after May's 6.2% surge

As of Thursday, May 29, the S&P 500 index gained 6.2% over the month. This is one of the strongest results for May since 1990, according to Bloomberg. Such a confident rise would contrast with weak dynamics in June, the news agency's experts predict.

Analysts' expectations are partly based on historical statistics and partly on concerns about renewed global trade tensions amid legal disputes over Donald Trump's tariffs and the uncertain policy of the US Federal Reserve. Additional pressure on the US stock market will come from investor portfolio rebalancing at the end of Q2, Bloomberg reports.

Jeffrey Hirsch, editor of the Stock Trader's Almanac, believes that traders are losing their sensitivity to Donald Trump's unpredictable decisions. After the May surge in the S&P 500, the expert predicts a lull in the near future. If the US president takes more radical measures, it will only make investors more cautious.