Susan H

Markets at a Glance

Market Data courtesy of Yahoo Finance and treasury.gov

Inflation in the short term with PCE rising 3.1% (higher than expected) coupled with increased spending in April are signs of COVID recovery but commitment from Fed to keep rates low kept equities higher and treasury yields lower.

Just when you thought AMC and GME would hang out in the background, here we go again!

The crypto whiplash continues…

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Markets at a Glance

Courtesy of Yahoo Finance & treasury.gov

So the April NFP prints a disappointing +255k vs an expected +1mm jobs and the markets rally — that totally makes sense…?

Consider this — the Fed’s commitment to continue easy policy is challenged in the face of stronger data so data to the weak side only leaves the door open for the Fed keeping rates lower for even longer. Bad news for the economy can translate to good news for stocks!

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