SCHR - S&P 500 Earnings: May Jobs Data Up And U.S. Banks' Unrealized Bond Losses
2024-06-03 08:05:00 ET
Summary
- It’s remarkable how strong the US economy has been, given the jump in interest rates.
- “Annual” returns for various fixed-income asset classes look pretty grim.
- A flat US jobs market, with a gradually rising unemployment rate wouldn’t be a bad thing today.
Source: Briefing.com proprietary content
The first graph above shows April ’24 PCE data after Friday, May 31’s release. The 2nd table below the graph shows the actual chronological progression of the April Personal Income, Consumption and PCE data. The PCE data is the last 2 lines....
S&P 500 Earnings: May Jobs Data Up And U.S. Banks' Unrealized Bond Losses