Economic Insights


As May ended, stocks managed to breach 4,200 on the S&P 500, which had been the ceiling since August 2022. Continued wrangling about the debt ceiling had contained investor enthusiasm for risk assets, with the eventual deal pushing the index to 4,282, and closer to a new bull market.

At this point, if you are a commentator or a money manager forecasting a continuation of the bear market, you really need a recession.....
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