May 2023 Newsletter | What's Priced In At This Point May Shock Markets

May 02, 2023

∙ Paid

Summary

Markets moved higher by 2.5% in April logging the best month since January. The S&P is up +8.6%.
Economic growth has slowed materially in the first quarter and now, with additional tightening on deck and further constraints by lenders, the risk of recession high.
Interest rates, while rising on the short end, continue to inch lower on the long-end…