Last week, the S&P 500 narrowly extended its five-week winning streak, registering a +0.03% gain, while the Nasdaq surged +1.4%; however, the Dow fell -2.3%. In the coming week, bond markets face a busy slate of Treasury auctions worth $183B and market focus shifts to inflation data due on 31st May
Month: May 2024
Actionable Insight – May
After a robust 2023, the US economy is showing signs of stabilizing, with modest growth reported in the first quarter of 2024, indicating a possible tapering of economic expansion. Inflation remains persistent, prompting cautious monetary policy from the Fed.
Weekly Newsletter – 17th May , 2024
Wall Street witnessed a record-breaking week, primarily driven by the latest consumer inflation data. The positive sentiment pushed the benchmark S&P 500 above the 5,300-point level for the first time ever.
Weekly Newsletter – 3rd May , 2024
The S&P 500 and Treasuries notched their first in-tandem weekly gain in a month, buoyed by constructive pronouncements from Federal Reserve Chair Jerome Powell and softer employment data.
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