Market Commentary
May was a good month all around, with equities and fixed income posting solid results. Two of the best performing equity sectors for the month – emerging markets and tech (Nasdaq) – both happened to be the worst performers in April. The M&A boom was beneficial for the tech sector, while EM continues seeing investor interest given relatively low equity valuations and high-yielding debt. Domestic small caps remain the lone weak spot in equities. Bond markets furthered their recovery from 2013 but telegraphed economic weakness as Q1 growth estimates declined and inflation remains stubbornly out of sight. Interest rates fell across the board, with the US 20yr Treasury price index hitting an all-time high.  

 
 
Americans, by and large, are do-it-yourselfers. Books, websites, software programs, and even giant box stores exist solely to help ambitious Americans tackle all kinds of everyday challenges, from fixing leaky faucets to building backyard sheds. The same holds true for estate planning--there's certainly no dearth of information for those wanting to prepare their own wills and other important documents. However, do-it-yourselfers may want to exercise a bit of caution here.