The S&P 500 slipped a bit on Wednesday to finish out the month of May. With the first trading day of June around the corner, here's what market strategist Max Wolff of 55 Institutional will be looking for.
After a very strong start to the year, equity markets have stalled out a bit lately. From the second day of March to the last day of May, the S&P 500 has risen by just two-thirds of 1 percentage point. And the index is almost perfectly flat from Thursday's close.
"I'll be watching if we're going through a pause of market momentum, or if we've kind of lost our 'oomph,'" Wolff said Wednesday on CNBC's "Trading Nation."
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