Daily Note | May 30, 2024 | Bonds Weighing On Stocks

Markets are lower thanks to higher rates but we are off the lows as GDP grew less than initially thought and the 'deflator' or inflation indicator also came in lower.

Real gross domestic product accelerated at a 1.3% annualized rate in the first quarter, down from the initial 1.6% estimate but a bit bitter than the 1.2% Dow Jones forecast. A reduction on…