Weekly Commentary | May 12, 2024 | The EIM Tender Could Be Big- A Closer Look
Summary
S&P 500 gained 1.7% and is close to its all-time highs, with value stocks outperforming growth shares.
Weekly jobless claims rose to their highest level since August 2020, indicating a potential cooling of the labor market and broader economy.
Bond market now pricing in two rate cuts for the year after Fed Chair Powell suggested next policy move is…
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