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Commentary

What Investors Were Researching in May

Investors continued their search for income in May, as the future of monetary policy came into sharp focus during the month.

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The market kept its upward momentum going in May. The broad-based, Morningstar U.S. Market Index was up 2.3% over the last four weeks, and is now up a remarkable 15% so far this year.

The big story in the U.S. last month was talk about when the Fed would begin to taper its current round of bond purchases. Testimony from Chairman Bernanke in front of Congress, minutes from the recent FOMC meeting, and speeches by a number of Fed members revealed that the Fed is seriously talking about when it will be appropriate to reduce its purchases of mortgage-backed securities.

Jeremy Glaser has a position in the following securities mentioned above: MSFT. Find out about Morningstar’s editorial policies.