The rally train that charged through most of March and April took a breather in May. Whether this is a back-and-fill — consolidation en route to a higher destination — or the start of a downhill slide remains to be seen, but a decent amount of choppiness in equities should be expected. The Wall loses three more worries, as the market continues to come to terms with the world around it. Potential problems ahead include creeping commodities prices and that old whiner, North Korea. Like I tell my kids, the only thing more annoying than a whiner is a whiner with nukes. June will likely be a good time to pick up some favorite stocks at reasonable prices, so be patient but be ready.
