--- title: June Market Update - Burney Investment Management description: Through the first half of the year, growth stocks are running well ahead of value stocks and large-caps have a decided edge over small-caps. There is a double-digit return differential between the extreme size and style corners as large-growth stocks advanced 13.3% against small-value’s 0.9% rise. The year-to-date trend reversed in June slightly, however, as ... --- [Skip to content](https://burneyinvest.com/blog/june-market-update#main-content) [![Burney Investment Management](https://burneyinvest.com/hs-fs/hubfs/theme/Burney_Invest_Color_Horizontal_%232b.png?width=300&height=110&name=Burney_Invest_Color_Horizontal_%232b.png "Burney Investment Management")](https://burneyinvest.com/) - About - [Company Overview](https://burneyinvest.com/about) - [Burney Difference](https://burneyinvest.com/the-burney-difference) - Strategies - [Size & Style Responsive](https://burneyinvest.com/strategies/size-style-responsive-ssr/) - [The Burney Master Portfolio](https://burneyinvest.com/strategies/the-burney-master-portfolio/) - [Personalized Portfolios](https://burneyinvest.com/strategies/personalized-portfolios/) - [Stock Selection](https://burneyinvest.com/strategies/stock-selection/) - [Team](https://burneyinvest.com/team) - [Resources](https://burneyinvest.com/blog) - [Get In Touch](https://burneyinvest.com/contact) 7.11.2017 # June Market Update [Andy Pratt, CFA](https://burneyinvest.com/blog/author/andy-pratt-cfa) ![](https://20453469.fs1.hubspotusercontent-na1.net/hubfs/20453469/Theme/dots_y4.svg) ##### Popular Posts [How to Read VIX and VIX Term Structure](https://burneyinvest.com/blog/how-to-read-vix-and-vix-term-spread) [What Happened in the Stock Market Yesterday?](https://burneyinvest.com/blog/what-happened-in-the-stock-market-yesterday) [Performance Matters - 7 Steps Toward More Effective Investing](https://burneyinvest.com/blog/performance-matters-7-steps-toward-more-effective-investing) Through the first half of the year, growth stocks are running well ahead of value stocks and large-caps have a decided edge over small-caps. There is a double-digit return differential between the extreme size and style corners as large-growth stocks advanced 13.3% against small-value’s 0.9% rise. [The year-to-date trend](https://www.burney.com/blog/may-stock-market-update/) reversed in June slightly, however, as the mega-cap darlings faced selling pressure, perhaps a sign they’ve run too far too fast. ![201706 SS Chart](https://static.hsstatic.net/BlogImporterAssetsUI/ex/missing-image.png)   ![201706 Sector Chart](https://static.hsstatic.net/BlogImporterAssetsUI/ex/missing-image.png) [The Information Technology sector lost ground in June, its first monthly loss in 2017,](http://www.cnbc.com/2017/06/29/us-stocks-fall-tech-banks.html) but periodic pullbacks are healthy. The year-to-date return for the sector still leads the pack at 17% and is the reason the Nasdaq index had [its best first six months of a year since 2009](http://www.marketwatch.com/story/nasdaq-composite-on-track-for-its-best-first-six-months-of-a-year-since-2009-2017-06-30?mg=prod/accounts-mw). Energy and Telecom continue to slip while Financials and Healthcare saw strong gains in June [amid changes](http://www.barrons.com/articles/why-bank-stocks-are-flying-1496949372?mg=prod/accounts-barrons) in [policy outlook](https://www.reuters.com/article/us-usa-stocks-idUSKBN19D1BG). ![201706 VIX Chart](https://static.hsstatic.net/BlogImporterAssetsUI/ex/missing-image.png) Measures of volatility such as VIX remain remarkably subdued given the many potential economic and political flashpoints. VIX showed minor fluctuations but stayed below 12, showing little short-term concern in the market. There are some who are nervous this period of low volatility is blinding investors from [potential trouble down the road](https://www.bloomberg.com/news/articles/2017-07-04/why-placid-fear-gauges-have-some-traders-worrying-quicktake-q-a). However, not being invested in a low volatility market [‘can be costly’](http://www.cnbc.com/2017/06/21/not-being-invested-in-low-volatility-can-be-costly-goldman-sachs.html). Of particular note is the Fed’s readiness to begin unwinding its balance sheet, evidencing the expectation of continued economic growth. This could lead to temporarily increased market volatility but continued economic expansion is bullish for equity holdings. --- *The Burney Company is an SEC-registered investment adviser. Burney Wealth Management is a division of the Burney Company. Registration with the SEC or any state securities authority does not imply that Burney Company or any of its principals or employees possesses a particular level of skill or training in the investment advisory business or any other business. Burney Company does not provide legal, tax, or accounting advice, but offers it through third parties. Before making any financial decisions, clients should consult their legal and/or tax advisors.* ## Articles you may enjoy 10.05.17 #### [September Market Update](https://burneyinvest.com/blog/september-market-update) [![](https://20453469.fs1.hubspotusercontent-na1.net/hubfs/20453469/Theme/circle_right.svg)](https://burneyinvest.com/blog/september-market-update) 02.13.17 #### [January Market Commentary](https://burneyinvest.com/blog/january-market-commentary) [![](https://20453469.fs1.hubspotusercontent-na1.net/hubfs/20453469/Theme/circle_right.svg)](https://burneyinvest.com/blog/january-market-commentary) 08.07.17 #### [July Market Update](https://burneyinvest.com/blog/july-market-update) [![](https://20453469.fs1.hubspotusercontent-na1.net/hubfs/20453469/Theme/circle_right.svg)](https://burneyinvest.com/blog/july-market-update) ![](https://burneyinvest.com/hubfs/theme/burney-invest-logo-white-1-1.png) - [Size & Style Responsive](https://burneyinvest.com/strategies/size-style-responsive-ssr/) - [Burney Master Portfolio](https://burneyinvest.com/strategies/the-burney-master-portfolio/) - [Personalized Portfolios](https://burneyinvest.com/strategies/personalized-portfolios/) - [Stock Selection](https://burneyinvest.com/strategies/stock-selection/) - [About](https://burneyinvest.com/about) - [Team](https://burneyinvest.com/team) - [Resources](https://burneyinvest.com/blog) - [Contact](https://burneyinvest.com/contact) **Headquarters** 1800 Alexander Bell Dr. STE 510 Reston, VA 20191 Advisory services are offered through the Burney Company, an investment advisor registered with the U.S. Securities & Exchange Commission. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the advisor has attained a particular level of skill or ability. © 2026 Burney Wealth Management | [Research](https://burneyinvest.com/research) | [Privacy Statement](https://burneyinvest.com/privacy-policy) | [Terms & Conditions](https://burneyinvest.com/terms-and-conditions) | [Disclosures](https://burneyinvest.com/disclosures) | [ADV](https://44214779.fs1.hubspotusercontent-na1.net/hubfs/44214779/Burney%20Company%20ADV%20Part%202A%20IM%2026%20REV.pdf) | [Form CRS (ADV Part 3)](https://44214779.fs1.hubspotusercontent-na1.net/hubfs/44214779/Burney%20Company%20Form%20CRS_March%202026.pdf) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Andy Pratt, CFA", "url" : "https://burneyinvest.com/blog/author/andy-pratt-cfa" }, "dateModified" : "2024-04-03T00:37:32.046Z", "datePublished" : "2017-07-11T15:50:57.000Z", "headline" : "June Market Update - Burney Investment Management", "mainEntityOfPage" : { "@id" : "https://burneyinvest.com/blog/june-market-update", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://burneyinvest.com/hubfs/theme/Burney_Invest_Color_Horizontal_%232b.png" } } } ```