The upside momentum in the US stock market so far this year continues to be led by rallies in communications services and energy shares, based on a set of ETFs through Monday’s close (May 6). Both sectors are outperforming the broad market and their counterparts.
Daily Archives: May 7, 2024
Macro Briefing: 7 May 2024
* Global economic growth at 10-month high in April: PMI survey
* America’s fiscal outlook is troubling, but largely ignored on campaign trail
* Sahm Indicator rises for 3rd month in April, closer to recession tipping point
* Renters’ expectations of owning home fall to record low: NY Fed survey
* US 10yr Treasury yield falls for 5th straight dat to lowest level since Dec:
