Virtuous Wealth and GPS Wealth present the June 2026 GPS Wealth Monthly Market Update. These updates from our licensee group assist us with strategies and give context to investment decisions.
Australian shares returned 0.60% in June to finish the quarter 4.14% higher, while US markets staged a powerful rebound with the S&P 500 up almost 15% and the NASDAQ surging around 21% for the quarter, their strongest since 2020, helped by oil falling back from its USD 120 peak after the US and Iran signed a memorandum of understanding. The RBA held the cash rate at 4.35% but pushed back on the idea that the hiking cycle is finished, warning that inflation remains too high even as headline inflation eased to 4.0% and unemployment drifted up to 4.4%, leaving policy bias tilted to the tighter side.
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