Treasury inflation-protected securities (TIPS) are a powerful addition to most portfolios. Inflation risk remains, especially in light of the government’s soaring debt.
NVIDIA, at over $3.1 trillion, became the world’s largest company. Tech stocks are now over 32% of the S&P 500. Fundamentals support this AI wave but not without risk.
May CPI helped markets shrug off the hawkish Fed meeting and send stocks to all-time highs. Economic growth is supporting earnings but soft enough for 2024 Fed cuts.
May Jobs Report Implications For The Economy And Markets
The jobs data reflected solid growth but an increasing unemployment rate. In the wake of rising bond yields, Wednesday’s CPI report and Fed meeting take on more meaning.
Data has softened on the edges, causing fear that the U.S. consumer and economic growth might be near stall speed. Several crucial indicators are reviewed for guidance.
