2024-05-03 12:35:00 ET
Summary
- If April showers bring May flowers, then perhaps investors can rejoice that April is over and look forward to better times in May.
- US equities struggled last month, with the S&P 500, Dow Jones Industrial Average, and Nasdaq all falling by 4.16%, 5.00%, and 4.41%, respectively.
- Regarding inflation, the Consumer Price Index reported in early April ticked up to 3.5% and led to a further pricing out of rate cuts from the Fed this year.
What’s New
If April showers bring May flowers, then perhaps investors can rejoice that April is over and look forward to better times in May....
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For further details see:
May 2024 Perspective