In May, most asset classes rebounded after April's pullback: U.S. stocks led the way, with the S&P 500 gaining an impressive +5.06% as corporate earnings showed resilience. Real estate also recovered, with the IYR index climbing +4.93% as lower mortgage rates renewed demand. International shares participated in the rally, rising +3.95%. Bonds stabilized, with the Barclays Aggregate index gaining +1.68% as yields pulled back from recent highs. Hedge funds captured the upside with more direct...
