May ‘24 Market Recap – In Like a Lion, Out Like a Lamb – After April came in with showers, May came out like a lamb, driven by a better-than-anticipated earnings season, leading the market higher by nearly 5.0%. In fact, the market hit two new all-time highs during the month. When the S&P returns >10% through May, the market tends to continue to move higher the remainder of the year, with a 90% hit rate