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…
