Money Markets - May 2024
Inflation, interest and interventions.
“The man who can drive himself further once the effort gets painful is the man who will win.”
- Roger Bannister
Welcome to AlphaPicks’ monthly market update - a rundown of global markets for the coming weeks in under ten minutes.
Here’s what you need to know…
Macro
The past week brought mixed economic signals and another challenging situation for Wall Street traders attempting to anticipate the Federal Reserve’s data-dependent actions. After pulling money out of credit and crypto on inflation fears while easing up on stocks, bears just took a hit as the S&P 500 and Treasuries notched their first in-tandem weekly gain in a month.