Weekly Commentary | May 19, 2024 | A Look At Franklin Universal Trust (FT)

Summary

• Major indices reach new all-time highs, with the Dow crossing the 40,000 threshold for the first time.

• Interest rates and inflation worries have subsided, leading to a modest recovery in the market.

• CPI report shows inflation remains on a path of moderation, keeping the possibility of a rate cut from the Fed on the table.

• A buy call on Franklin Univ…