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Chart of Monthly Returns for 4/30/25-5/31/2025

NEPC’s May 2025 Market Commentary

The adage, “Sell in May and go away,” did not hold in 2025 as global equities posted strong returns on the back of a broad de-escalation in tariff rhetoric following news of a 90-day tariff truce between the U.S. and China, an agreement with the U.K. to cut tariffs, and delayed implementation of a…

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