Reported 4 months ago
In late May, the US stock market experienced renewed volatility with tech and other industries rotating. The S&P 500 saw a 1% rise, its best month since February, despite earlier dips, hinting at potential challenges when other sectors catch up. Treasuries extended gains, marking the best month so far in 2024. The report was seen as 'marginally dovish,' potentially leading to lower rates. Technology shares, which have been overextended, may indicate an upcoming correction. Hedge funds reached record exposure to US tech giants, and strong early-year market performance suggests continued success in 2024's second half. Inflation remains a key concern for the Federal Reserve, with signs of consumer spending slowing down.
Source: YAHOO